CKGSB Knowledge - China Business and Economy

JOBLESS & PICKY

Youth unemployment is on the rise globally, but there are factors which make the problem in China unique

With the economy slowing, robots and artificial intelligence (AI) expanding their roles and competition growing for good positions, the reality of life after graduation is stressing out Chinese students even more than their exams.

In 2019, a record number of graduates entered the labor market—8.34 million—according to the state-run People’s Daily, up from 8.2 million in 2018 and significantly higher than the 6.1 million in 2009. Added to that is the slowing growth in the economy, now down to around 6% a year, and a much more cautious approach by companies to taking on new staff.

“I feel quite worried about finding a job after I graduate,” Suyang Jin, a broadcasting student at Nanjing University, told CKGSB Knowledge. “Many of my classmates feel the same way. Companies are often not willing to offer recent university graduates opportunities, as they’re usually looking for people with work experience. I also don’t think there are enough jobs for everyone, because China has such a huge population and there are only a limited number of jobs available.”

Zhenghong Zhang, another student approached by , agrees. “Finding a job

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