The Chinese communist regime admitted on July 17 that the GDP growth rate in the second quarter of the year was lower than expected. Observers pointed out that China’s economy is actually in stagnation or even decline, as investment and demand both domestic and foreign continue to weaken, with domestic structural problems predicted to lead…
China’s Q2 GDP Growth Slows to 0.8 Percent as Economic Engines Stall
July 20, 2023
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IN-DEPTH: China’s Economy Is Faltering
June 23, 2023
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China Business & EconomyChina NewsChina unemployment rateChinese economystate-owned enterprisesYouth unemployment
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With graduation less than a month away, many college students in China are still scrambling to find a job. At a free live-stream webinar by a jobseeker training company in mid-June, many of the 800 participants—primarily unemployed 2023 and 2022 graduates—logged eager comments to claim free templates for resumes. “Many of my trainees told me…
China Has a Serious Youth Unemployment Problem
Commentary For years the world stood in awe at the number of science and engineering degrees earned at Chinese universities. Now it seems China cannot find meaningful work for these graduates. Youth unemployment has gone off the charts. Matters are so severe that it threatens the economy’s growth potential, even the social contract between the…
Xi’s ‘Bitterness’ for China
Commentary China’s economy is in the doldrums, and youth unemployment is at an all-time high. Over 20 percent of 16-to-24-year-olds seeking jobs cannot find work. In a throwback to the disastrous Cultural Revolution of the 1960s and 1970s, Xi Jinping is now telling college graduates to “eat bitterness.” He recently congratulated agriculture students for “seeking…
China’s Youth Face Bleak Job Market as COVID-19 Slows Economy
BEIJING—Liu Qian, job-hunting with a new master’s degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay. She is one of 11 million new graduates desperate for work in a bleak job market as anti-virus controls force factories, restaurants, and other employers to close….
‘Graduates Can Pay to Get Work’: Suggestion to Tackle China’s High Unemployment Rate Triggers Outrage
June 9, 2022
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Asia & PacificChinaChina Business & Economychina unemploymentcollege graduatesinternshipSocial IssuesWorldYouth unemployment
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A well-known IT professional in China recently suggested on social media that job applicants could pay employers to get work, and address the nation’s youth unemployment issue. The suggestion attracted significant attention and criticism, as similar practices already exist in China’s IT industry— where graduates pay companies off the books to intern. The IT professional,…
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