In Depth: Solving China’s Soaring Youth Unemployment
“I’ve submitted almost 100 resumes but have gotten zero offers so far,” job seeker Yang Yang said. Despite almost five months of looking for a job and having graduated from the prestigious Chinese University of Hong Kong, she is one of the millions of students entering a fierce job hunting race this year.
Like Yang, the class of 2023 is entering the job market amid an economic slump following three years of strict Covid control measures and regulatory crackdowns on tech, property and private tutoring industries which are normally eager to hire young talent.
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