CHINA-ECONOMY: GRADUATE UNEMPLOYMENT
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Caixin Daily (July 12) reported that China’s best and brightest are struggling to land prestigious jobs as the lowest level of economic growth in a decade and a prolonged trade war with the U.S. drive down job openings. With the largest-ever batch of college graduates, a record 8.3 million students entering the job market, more than 20 students from top Chinese and overseas universities said they’re pessimistic about the job market. According to online recruiter Zhaopin Ltd., openings for graduates fell 13% this spring while job seekers also declined by 5%.
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