China, the “iron bowl” returns: risks goodbye, it is racing to conquer a safe job in the public sector

BEIJING. Mom, I’m going to be the state. Between skyrocketing costs of living, a private sector where the pressure and schedules have become increasingly unbearable and the uncertainties linked to the pandemic, more and more graduates are now aspiring to permanent jobs.

In China, the good old and reassuring “tiefanwan”, the iron rice bowl is returning: the one that in the years preceding the reforms was guaranteed by socialism to all Chinese and which today means job security for life, income and more stable benefits, albeit with a decidedly foreseeable future.