Young Chinese students face rampant unemployment

Noah Hirsch

The figures for the month of May have fallen. Report: the unemployment rate of 16-24 years was 20,8 %, i.e. an increase of 0,4 percentage point from the previous month. To compare, he's from 16.4% in Europe and 15% in the Asia-Pacific region.

Asked by the daily [Lianhe Zaobao], Shanghai student Jiang Wenxin gives an edifying testimony.

“Music tuition is too expensive and family has no conditions to support higher education. The education and training industry has high barriers to entry in major cities, and small towns have low wages and no development prospects (…); The current environment is not good, and it's really hard to find a job“.