Record numbers of Chinese graduates enter worst job market in decades


Graduates, including students who could not attend last year due to the coronavirus disease (Covid-19) pandemic, attend a graduation ceremony at Central China Normal University in Wuhan, Hubei province, China on June 13, 2021. A cohort of graduates larger than the entire population of Portugal is about to enter one of China’s worst job markets in decades at a time when youth unemployment is already more than three times China’s overall joblessness rate, at a record 18.4%. — Reuters

BEIJING: Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based Internet firm for a job upon graduation, following four rounds of arduous interviews.

But last month, the company told the students their contract offers were cancelled due to Covid-19 headwinds and the bad state of the economy in general – obstacles facing a record 10.8 million Chinese university graduates this summer.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Sirius XM found liable in New York lawsuit over subscription cancellations
US Supreme Court tosses case involving securities fraud suit against Facebook
Amazon doubles down on AI startup Anthropic with $4 billion investment
Factbox-Who are bankrupt Northvolt's creditors?
UK should use new powers to probe Apple-Google mobile browser duopoly, report says
EU regulators scrap probe into Apple's e-book rules after complaint was withdrawn
Hyundai recalls over 145,000 electrified US vehicles on loss of drive power
'World of Warcraft' still going strong as it celebrates 20 years
Northvolt CEO steps down, saying group needs up to $1.2 billion
Bitcoin at record highs, sets sights on $100,000

Others Also Read