Why China's 'iron rice bowl' appeals more to the children of high officials

[WORLD] During the peak of China’s rapid economic growth and its embrace of globalisation, it was uncommon for the children of high-ranking officials to follow in their parents' footsteps into the public sector. While government roles were seen as stable and secure, they were also low-paying, demanding, and came with more personal restrictions than those in the private sector.

In recent years, however, a noticeable shift has occurred. The changing economic landscape and evolving societal values have prompted the younger generation to reconsider their career paths. With the government's increased focus on innovation and technology, public sector positions have gained appeal, offering opportunities for significant contributions to the country's development.

For the past two decades, the children of senior officials have often made headlines as leaders of thriving businesses, both domestically and internationally. This trend was partly driven by economic reforms that opened up new possibilities for private enterprise. The rapid expansion of China's economy in sectors like finance, real estate, and technology created abundant opportunities, drawing many to the private sector.

Additionally, the globalisation of China’s economy enabled many of these business leaders to expand their reach globally. This not only brought them substantial financial success but also boosted their international profiles. The rise of Chinese multinational corporations highlights the entrepreneurial spirit of this generation.

However, as global trade becomes more complex and economic uncertainties grow, some have begun to reassess the stability offered by public sector roles. The government's focus on sustainable development and social welfare has also attracted those eager to make a broader societal impact.

Recent changes in policy and governance have further shaped this shift. Measures aimed at making the public sector more appealing, such as improved working conditions and enhanced career advancement opportunities, have made government jobs more attractive. This trend is expected to continue as China sets its sights on long-term strategic objectives and the need for skilled professionals in crucial areas.