CHINA-ECONOMY: CHINA'S COLLEGE GRADUATES FACE UNEMPLOYMENT

With the 6.8 per cent contraction in China's economy in the first quarter of this year and a Peking University survey showing that the number of jobs on offer
shrank by 27 per cent in the first quarter in the the entertainment and services sector, followed by education, sports, information technology and finance, the 8.7 million Chinese students graduating this year are finding it difficult to get jobs. Xu Hongcai, Deputy Director of the Economic Policy Commission at the China Association Of Policy Science, said “College graduates are looking for decent jobs.” He said most will need to go into the modern service sector and hi-tech sector, but the demand in these sectors in China can’t catch up with the growth in the number of college students. China’s Ministry of Education launched a 100-day campaign in May to help graduates find a job.






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