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As the epidemic's impact continued to trouble the industry, Wang started to bet heavily on his side-businesses like a gym and a library. He opened new business lines like livestreaming and online shopping.

As social media develops, human resources executives are increasingly turning to online platforms during the different stages of recruitment: looking for candidates from both home and abroad; setting up accounts on social media to target likely job candidates; and using the platforms to conduct background checks on potential employees.

As policymakers have repeatedly stated that housing is for housing, not for speculation, real estate development is likely returning to fundamentals such as demographic changes, migration and housing studies, which encourage developers to rethink real demand, said Wu.

As planned, Yu Yunzhi would be in Shanghai taking care of her threeyear-old grandson Xiaotangyuan when her daughter and son-in-law went to work.

As the country's economy continues to bounce back from the COVID-19 slump, ad spending by businesses have also picked up. In October, China's factory output rose faster than expected by 6.9 percent from a year earlier and retail sales climbed 4.3 percent year on year.