Unemployment in China continues to grow

Posted by Terya on November 30th, 2010 in Asia, China, Current affairs | No Comments

With 1.3 billion people, China has the biggest population of any country in the world. It’s economy has been growing at an astounding average rate of 9% per year since 1978.

China is widely regarded as the main growth engine of the global economy. On the one hand, this is because selling your products to 1.3 billion customers is a huge growth potential. On the other hand, it is also because that same 1.3 billion people are contributing to that familiar label “Made in China” which you can find all over the world.

So what brighter future can you have than being a management, computer or IT student in China?

But despite the promising nickname “Proud Children of Heaven” for university students, today’s white collar graduates are not all smiles. In fact, many of the women are becoming maids or cleaners, while the men see little other option than restaurant or retail work…

This year, another 6.1 million college graduates will enter the market. They will have to compete with 1.8 million graduates who finished school last year and are still looking for a job…

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