The reasons behind China’s high youth unemployment rate

[@DarylSolis]

A degree is not special if everybody has one

[@keffinsg]

This is just one of those things any rapidly developing country must address sooner or later. Just as people realise that the expectation that "house prices will rise forever" is a myth, they will also realise this other myth "getting a degree will get me a better job". It may have been true when only 5% of a cohort is university educated, but it will not be true when 50% of a cohort has a degree. People must be realistic in their expectations.

[@bobofthestorm]

It's just basic supply and demand. In the US where everyone is college educated due to student loans, the blue collar workers actually earn more. You have to understand that even the Hispanic immigrants have their kids finish college as well. It's not even just skilled labor. Everyone is aware that plumbers, carpenters, welders and commercial drivers are earning big money nowadays but it's actually not limited to those. I know someone who's a "baby nurse", basically a nanny for newborn infants charging $300-$500 a day just to babysit an infant while their college educated parents work. The house cleaning business is also very lucrative if you are independent and do your own marketing. No one thinks of cleaning toilets as lucrative but it is so long as you speak English and you don't have to give a cut to agencies (which is why hispanic immigrants earn less because of the agency's cut).

[@WokeVeganLiberal]

As long as population/immigration keeps increasing faster than new houses are being built, why wont house prices keep rising? The UK has many more immigrants entering the country every year than there are houses for them. Now they're putting them in hotels. Yes if the population of China halves like is predicted housing there would become cheaper. But it depends on supply and demand.

[@darthbumblebee7310]

​@@WokeVeganLiberalbut it's not a safe assumption that population growth will always outpace new housing construction.

[@darthbumblebee7310]

​@@bobofthestormaccording to the BLS, the median salary for a college grad is significantly higher than all of the blue collar jobs you listed (with the exception of the "baby nurse" - for which I didn't find data). What data source are you using to base your claim on?

[@WokeVeganLiberal]

@@darthbumblebee7310 true but what kind of housing can be rapidly built? A different style to the current style. Such as 3D printed apartment towers, so the traditional property will still be desirable and more valuable, and the population will continue to rise

[@d15z1sux]

Its because blue collar jobs do not pay well so everyone has focused on education and thus competition is extremely tough as a result.

[@hh0686]

sooner or later, blue collar job salaries will have to catch up with those of white collar jobs, just like the western nations

[@Slla-th5vt]

In China, blue collar jobs are not jobs. They are cheap labour slavery.

[@TenshiProductionz]

i actually have a very similar situation from playing a city sim City skylines. I have pushed my city's education level to the max and have around 95% poppulation graduated university. Then nightmare started. Theres just not enough position for highly educated people and no people is willing to work on loow educational position/ people are over educated for their position.

[@Vagdinox]

That's literally what happens in society today can't descrive it better

[@NeidlichesSchwert]

And were it not for the ironic restrictions on gaming in China...

[@rodan2852]

Entry level position 2-3 years experience required

[@BobBob-xn2sp]

I think the data and it’s definitions are perfectly fair. They are consistent with other countries. The fact they stopped publishing it when the numbers got bad is notable though.

[@pushslice]

It speaks SO much louder than if they had just continued publishing it (well, for whatever the CCP’s numbers are worth, to begin with) the Middle-Kingdom mentality is once again exposing its backside to the world.

[@ondreiii]

That's the CCP way.

[@DK-ev9dg]

Canada stopped publishing the youth employment data long time ago. There are no jobs for young people everywhere.

[@hh0686]

@@ondreiii too embarassing or meaningless to publish. Data collection still at work though.

[@jayceh]

It's not consistent with other countries which use surveys that ask if the person is looking for work That's unemployment. What China reports is not-employed. The rate cited includes 16-20 year olds, whether or not they're looking for work. In the US and EU, that's labor participation. The equivalent rate in the US is 45%, because tertiary education is more prevalent.

[@DanH-u3f]

The reason is they are lying flat. There are jobs for them, but it pays little and with no career path. They rather live with their parents.

[@Slla-th5vt]

Not rather live with their parents, more like can only afford to live with parents. Remember the sky rocket real estate prices in China? As for renting, why spend your entire life's labour to built the wealth of another person?

[@stevidente]

College graduates are after white collar jobs. Even with an economy as big as China’s, it is not quite possible for any economy to add that many white collar jobs every year. It looks like an oversupply of 60 percent at least, more likely 75 percent oversupply.

[@HKim0072]

Just not accurate for developed economies. People retire. New graduates come into the workforce to replace them. I'm going to make an assumption that many of the Chinese retirees aren't white collar. Stuff breaks down when economic cycles are condensed.

[@hikashia.halfiah3582]

Not only add. Isn't the number might be reduced instead? The zero-covid policy was disaster along with the many business crackdowns in the last 3 years. Foreign investors are running away, and the rich keep trying to flee along with their capital either to US or Singapore.

[@omahadreaming5432]

I imagine there are plenty of high demand/high paying trade jobs that need to be filled, but the problem is that nobody who went to a "prestigious" college for 4+ years wants to work a trade.

[@hikashia.halfiah3582]

@@omahadreaming5432 get that first world logic out of here. It does NOT apply in Asia. Even the supposed "trade school" actually give highest rate of unemployment in some places. It's BS. The reality is, modern economy just doesn't need that many people (or we are too overpopulated for available resource). American "you should go to trade school" argument does not work everywhere, period.

[@loelds4817]

Im not chinese, but please help me understand these statistics because aren’t 16 - 24 year olds normally considered full time students? I mean, what is considered the normal age to start full time work in china? 15?

[@MrAdhiSuryana]

Unlike US, they have a lot of “job opening" but actually they only store your CV and use it for later because they mainly hire part time worker 😂

[@rinrininu]

Its a priviledge to study without break till doctorate degree. Having a family to support you plus scholarships are essentials only few can have. educated people are increasing, scientific development have decreased the need for human participation. Its a sad reality the whole world is facing besides wars

[@senzen2692]

By not publishing the unemployment rate the government lost its credibility. It's a problem that has happened elsewhere, just not on such a scale. At some point SMBs will need to start competing on additional value and not just low prices, which would mean hiring better managers, marketing, design and engineering graduates.

[@josephwu3136]

Why they need to be employed when people in China don’t have rent or bills? Is employment an indicator of progress? Most Americans have 2 jobs but still struggle to have housing.

[@loelds4817]

Im not chinese, but please help me understand these statistics because aren’t 16 - 24 year olds normally considered full time students? I mean, what is considered the normal age to start full time work in china? 15?

[@Cosmo1093]

@@josephwu3136 Yes. Employment is an indicator of economic growth, which Beijing considers to be an indicator of progress. Otherwise, China's Five Year Plans wouldn't have economic growth targets.

[@Slla-th5vt]

They did publish it. Didn't them?

[@sudhakarc3116]

India and china facing same issue

[@JRichard86]

This is happening in all economies where high skilled jobs are getting sparse and calls for a restructuring of the economy. The white collar demand is on a decline globally. Constant growth was never sustainable and we don't need to constantly produce more electronics that are quickly turned to waste. China start brainstorming! The future of all global economies looks at a 30 percent reduction AT LEAST.

[@poshbo]

Not entirely, China has a significant shortage of skilled workers in certain fields, such as in semiconductors. But Chinese universities are just not producing enough of the kind of talent and skills needed by the market, and too many university students are taking degrees which are not useful in the market. China also needs better technical schools to produce workers like skilled builders, electricians, high tech assembly workers etc. A big part of the problem is that parents often have outdated attitudes towards university education which they impose on their children and essentially set them up for failure. The Chinese education system also over-emphasises rote learning which, again, doesn't nurture the creative skills which the market needs.

[@exas4791]

Seems like China is going through what developed countries have experienced. Problems r magnified due to its huge population.

[@hc1897]

Also the problem is just more glaring with the western press specifically looking for bumps and dings and dents in the Chinese economy (not just for propaganda purposes, but in a genuine attempt to work out how the economy is doing so as to make prudent investment decisions).

[@polysporin8332]

the west has tonnes of "China experts" that have never set foot in China, let alone lived there and have talked to the people. Most get paid to disseminate propaganda to make the west look like a paradise, even though there are crumbling infrastructure, tent cities, homeless feces and druggies right outside their front doorstep.

[@josephwu3136]

Why they need to be employed when people in China don’t have rent or bills? Is employment an indicator of progress? Most Americans have 2 jobs but still struggle to have housing.

[@polysporin8332]

@@josephwu3136 I was shocked when I heard that 2 jobs was the average in America 12-16 hours/day. I heard of an American father that worked three jobs to pay for an oversized house, children's schooling, and 2 cars.

[@1.4142]

My cousin couldn't find a job for 2 years even though she got a degree from tsinghua, majoring in finance.

[@jacksmith-mu3ee]

Worse in usa

[@Aweeky]

高不成，低不就啊。

[@hh0686]

Look outside of China

[@andia968]

cuz he is pICKY

[@1.4142]

Nope, she got rejected from all the jobs she applied for. Now employed at baidu. @@andia968

[@nnf9431]

"HR is a very stable job" Literally everyone's least favorite corporate function

[@Slla-th5vt]

It's a lie. It is the first department to get outsourced in most companies.

[@karogod]

The music is too loud and the speaker too quiet.

[@GallantNite]

basically too much ppl are going to college when they aren't suppose to. after college, they don't want to work in physical labor jobs. USA has the exact same issue. The only reason why you not seeing physical labor jobs shortage in USA is cause immigration and migrants. They are the ones doing the physical labor jobs while the youth people in the states are jobless

[@pandaofsam]

They still try to hide the true reason.

[@PoutineFries-mj3ik]

I am retired now and looking back on where I was between 16-24 years old - I was in high school and then in college. I only started work towards my late 24. So, what criteria does this survey tries to measure on the unemployment rate of youth between 16-24. Is it to measure how many are not working between the said age group when they should be in school? I also noticed most of the young people in China looking for jobs are in their 20's and less so between 16- 20 or late teens. Therefore is the said 20% rate of unemployment accurate?

[@Cosmo1093]

Students aren't counted in unemployment statistics. The "20% rate" is means that >20% of young people who are actively looking for jobs can't find one.

[@Slla-th5vt]

You start work in 24, that only means you start late because you studied college. If u come out of your bubble, it is more accurate and reflective to measure young employment from age 18 - 25. Remember no matter which country, each year the number of graduates are far lesser than non-graduates entering the work force.

[@pradiptaparia4369]

The situation is same in India also huge population causing lot of problem😢😢

[@paulzhang1310]

The rate cited includes 16-20 year olds

[@dq2023]

Simply put the number of FDI is declining so are jobs which come with said FDI.

[@josephwu3136]

Why they need to be employed when people in China don’t have rent or bills? Is employment an indicator of progress? Most Americans have 2 jobs but still struggle to have housing. Make it make sense my guy

[@Makalon102]

People in China don't have rent or bills?

[@djibicisse]

@@Makalon102 he is a bot

[@Makalon102]

@@djibicisse not a bot, but I see what he is now after looking at his other comments, china netizen

[@djibicisse]

@@Makalon102 yeah haha

[@Floof1248]

Actually the command of English is not significantly impressive which also prevent the youth from getting overseas remote jobs. Also one of reasons which makes them unemployable.

[@benryw]

the translation is a little biased. Zhou said the rate of face-to-face interviews rather than responses.

[@Nick-pc9tf]

Who tells people that HR is a stable job must’ve just been living in a constant bull market lol No experienced professional trusts HR over their own wellbeing.

[@andysetia6771]

it happened everywhere. i think education system must change. Education system must educate student to become entrepreneur.

[@lyhthegreat]

not everyone is suited to become entrepreneurs, it takes foresight, capital and risk taking to become one...

[@elielee7364]

The concept of "Job stability" is different under conditions of rapid development on all technical and economical fronts.

[@tankgojet2468]

Denial of facts is first step to failure.

[@RamirezGold]

Exactly and this is the reason why liberal democracies are inherently superior to other forms of government.

[@the_hiroman]

Too many people breeding.

[@ditsygirl5409]

In 2019, the unemployment rate in China is 10%, but in 2023 the unemployment rate becomes 21%. If it’s really due to oversupply from saturated market, it should be a gradual process but it’s actually not true from statistics showing. Hence, it’s more due to a lot of companies going bust or moving out of China within this Covid period resulting in the sudden staggering unemployment rate.

[@shuttlespace04]

Yes😂 China should control population.

[@HKim0072]

1- actually it has been going steadily higher. I'm using FRED history and it aggregates it at the annual level which is a bit weird. Months have be compared with each year's same month for seasonality purposes. Too lazy to find month data. 2019: 10.7% 2020: 12.7% 2021: 12.4% 2022: 13.2% 2- Likely, but not necessarily it means companies went bust. The "Youth" age bucket is defined as 16-24. But, its tilted heavily towards the 22-24 age bucket (people that graduated from college). In theory, if all companies froze hiring in 2023, it could push the rate higher. 3- But, I agree with you. It's likely a combination of factors.

[@akunmapkah586]

Don't forget AI and automation make company need less human My warehone before need 40 people to manage packet, now only need 8 people, despite total packet still same That's 80% job loss, my friend Nas don't expect 30 years old people high school graduate can compete with young blood

[@ditsygirl5409]

@serriajohn the overall unemployment rate actually leaves out groups of people who’ve not participated in the labour market for more than three months, if not why do you think the overall unemployment rate is so low at 5%? The actual situation could be even more dire.

[@海人-n4t]

@@ditsygirl5409 Youth unemployment in the US is around 8.25%, it is more likely Chinese youth unemployment rates are more or less a similiar percent (a few percent higher). In the first place, the rate is determined with 16 - 22 as well as those included whom are in university as well as aspirations of higher education.

[@timothydevries383]

There are plenty of jobs, just not the expected ones. Too many college graduates and no relevant jobs for them. Just like every other rich country.

[@alhkcblack9617]

If there are actually tens of millions of unemployed young people in China they should be sent back to the home towns and villages and further develop the rural areas doing things like eco farming or whatever. Better a busy villager than an idle city dweller causing troubles. 😂

[@ramatgan1]

These are top quality students that any country would be proud of. From experience many students in China don't speak English so upskilling skills in language can boost their profile. This is a imbalance and the economy will sort it out in the end.

[@seiwarriors]

That ain’t going to help since it’s all about connection anyway to get a job rather than just sending CV’a blindly.

[@cyberpunk2978]

Ｓｐｅａｋｉｎｇ English is not very important skill in China.

[@bongky18]

21.3% of jobless rate for age group 16-24. Anyone with a functioning brain will understand 16-24 is the age where kids are still studying in high school and university. Why did they even publish that statistic in the first place? Its pointless.

[@Maya-sv1pz]

China, like most east Asia countries, has a problem changing its old school mindset which will be its fall. the 16-24 was an old measure for when China was malnourished and very few went to school let alone graduate.

[@freewifi510]

i will happily watch youtube on firefox with adblocker!

[@ezioauditore5616]

there are jobs in china, but the young people won't take it because they want to be CEO and don't want low paying jobs

[@janviersechan9670]

The best way to reduce unemployment percentage rate is by not showing it for a while, then 'recalibrate' the counting method. 😊😊

[@wilfredteo2899]

When there is a bear market, there are boundless opportunities for entrepreneurship. Deflation is coming and demand will come back to China in a few years. It's painful now but a more sustainable economy in the future with affordable housing.

[@mingyuhuang8944]

There's SO MANY PEOPLE IN CHINA. That's why. Competition is crazy

[@jacksmith-mu3ee]

No

[@annat6249]

I think it is expected. We are in recession and business is not making money. Personal assets also shrinking, for example retirement stock account, etc.. During this time, less jobs and jobs with less benefits jobs are expected. Unemployment is expected to go higher. For new graduates with lack of experience, it will be harder to find job. With Asian country who emphasized on white collar jobs, the demand for one type of job make situation much worse. If China is the reason to COVID, may this be a lesson that economy is global.

[@ronlyon4645]

effect of automation and further effect on AI. "disruption" has begun based on the book "the future is faster than you think"

[@joprecious4570]

Companies and corporations need to start posting

[@rampar77]

The U.S.only counted pope older 18 in full time employment data. 18 and under should be in school. Problem with China is 14 years old put strain in work force.

[@HKim0072]

Not a fan of "planned" economies, but geez. You can't go full capitalist mode on the advanced education and not go full capitalist mode on your economy. These colleges are ripping kids off.

[@josephwu3136]

Why they need to be employed when people in China don’t have rent or bills? Is employment an indicator of progress? Most Americans have 2 jobs but still struggle to have housing. Make it make sense my guy

[@fantalone666]

@@josephwu3136 Most Americans have 2 jobs? Wouldn't it make more sense to go homeless at that point? 8 hours working, 8 hours working, 8 hours sleeping and repeat that until you die.

[@oilbender]

So what are the reasons.

[@raymonddp]

Too much population

[@toshivibe]

This is hardly China specific problem. On a bigger picture, we live in the era when a lot of jobs became obsolete due to automation / ai, while the younger generations no longer want to do the actual jobs, and many growing up dreaming to become "influencers", youtubers, tiktokers, cybersportsmen, etc. This is a generation plagued with chronic adhd from constant swiping, looking for easy ways, and waiting for their families / governments to take care of everything while they are "finding themselves" and "pursuing their dreams".

[@hikashia.halfiah3582]

Yeah, but the problem in China is magnified because its nonfunctioning government and large population size (if it's only size, India is largest). No one informs problems to China supreme leader Xi Jinping, because everyone he even remotely doesn't like get disappeared. But yeah, it's problem everywhere in the world, but China is our canary in the mine for what's going on because of its magnification effect.

[@kanishkchaturvedi1745]

You are confusing chinese with Americans

[@ashutoshkshatriya6367]

😂

[@pearlyung]

Very very few make enough money for 1 person to survive. That is why it is better to remain single and not breed.

[@toshivibe]

@@cfromnowhere I am not denying anything. We have adhd epidemic, and all those apps that are designed to keep you hooked on a short attention span - quick dopamine release loops, are having a profound effect on a younger generations neural health. Same situation with modern fast food, which is mostly fast carbs and tons of sugar, which causes massive spike in diabetes and obesity. All of this is legal, because it's profitable, and pf course we have big farma to treat all those things, which were artificially created in the first place.

[@kawings]

Since China reaches job saturation, the Chinese should given opportunity to post a job overseas.

[@Slla-th5vt]

0:30 这就是闭门造车了，早十年国外例子就多不胜数了。公司要节约开支，第一个砍的绝对是HR. 不然就干脆外包给外包公司。

[@erwinlee2842]

Yes youth unemployment are high but without college debt. You have massive college debt in the western and also high unemployment. Double whammy.

[@pepitodegranolax]

Sending 100 CV and receiving 25% of replies back (hope it's not all negative) is an excellent ratio.

[@lyhthegreat]

yeah that's like 1 out of 5

[@aircorgihui43]

They have too many people, Less jobs, Too high standards job qualifications, less & less foreign companies, some already left. Was there for 8 years and its really going downhill, but people dare not talking about it because they know that their government is prohibiting from badmouthing the economy or else...

[@chrisw3492]

How are these people allowed to speak out

[@franciscotan]

This video didn’t really answer the question the title posted? What’s the reason?

[@amulia1]

Having worked in China for many years, the CCP is right in that their calculations are flawed. The youth unemployment rate in china is calculated based on whether you can find jobs the first year you graduate. So lets say you find a job the second year after you graduate you are still considered unemployed for the youth data. Also the company you work for must be legally registered for taxes, so if you work for a company that pays cash its also not calculated. Thus the unemployment rate is actually much lower than 21%. However, the quality of jobs in China is indeed of question and salary for the second biggest economy in the world is still very very low.

[@ZhouZice]

Como chinês, penso que tenho o direito de expressar a minha própria opinião. Há muitas razões pelas quais é difícil para os estudantes universitários chineses encontrar emprego após a formatura, incluindo, mas não se limitando às seguintes: 1. Concorrência acirrada no mercado de trabalho: Com a popularização do ensino superior, o número de estudantes universitários aumentou, tornando a competição no mercado de trabalho mais intensa. Muitos estudantes universitários não têm competitividade suficiente no mercado de trabalho, dificultando a procura um trabalho adequado. 2. Empregabilidade insuficiente dos estudantes universitários: Alguns estudantes universitários carecem de práticas sociais e competências profissionais durante a escola, e não têm planeamento e preparação de carreira adequados, resultando em competitividade insuficiente no mercado de trabalho após a formatura. Ao mesmo tempo, alguma formação profissional pode As mudanças na demanda do mercado fizeram com que os estudantes universitários não tivessem competências e conhecimentos profissionais adequados ao mercado de trabalho. 3. Discriminação no emprego: Em alguns mercados de trabalho, há discriminação e preconceito contra estudantes universitários. Por exemplo, alguns empregadores preferem recrutar candidatos com experiência profissional ou têm expectativas salariais excessivas para os graduados, dificultando a obtenção de oportunidades de emprego para os estudantes universitários. . posição de emprego ideal 4. O desaparecimento do dividendo demográfico: Com o desaparecimento do dividendo demográfico: o mercado de trabalho fica gradualmente saturado, tornando a concorrência no mercado de trabalho mais intensa, e é correspondentemente mais difícil para os estudantes universitários encontrar emprego. 5. Desafios no ambiente real de emprego: O actual ambiente de emprego enfrenta alguns desafios, tais como a recessão económica, o ajustamento da estrutura industrial, etc., tornando a situação do emprego mais grave. 6. A educação está fora de sintonia com o mercado de trabalho: Em algumas disciplinas, a educação está fora de sintonia com o mercado de trabalho e o conteúdo educacional e o currículo não conseguem atender à demanda do mercado. Isso faz com que os estudantes universitários não tenham competitividade no mercado de trabalho e a encontrem difícil encontrar um emprego adequado. 7. Os canais de recrutamento dos empregadores não são claros: Alguns empregadores podem utilizar canais de recrutamento não divulgados, tais como recomendações internas e recrutamento no campus, o que é muito desvantajoso para estudantes universitários que não possuem fontes corretas de informação. 8. O número de diplomados excede a procura do mercado: Vantagens: o número de diplomados pode exceder a procura do mercado, tornando difícil para alguns diplomados encontrar emprego 9. Questões do sistema de emprego: O actual sistema de emprego na China continental pode ter alguns problemas, tais como sistemas de recrutamento imperfeitos, formação e orientação profissional insuficientes, etc., que também afectam a competitividade laboral dos estudantes universitários.

[@jeremypearson6852]

And this didn’t even mention the impact AI will have on future jobs.

[@sixes3100]

They should head to Singapore where there is a shortage of workers in hotels, F&B, healthcare.

[@ThirteenHauntsMe]

Singapore is full…

[@qxezwcs]

United States asked nicely for the past decade that the huge trade imbalance in your favor should be addressed by making your currency float more freely. Nobody cared in China’s part thinking that the US cannot do anything about it. USA had no choice but to make some trade restrictions in return and that what’s causing this long pause in China’s growth. Now Chinese exporter are having a hard time adjusting.

[@TESkyrimizer]

I'm lucky to get a 5% interview rate from employers in Canada. And I have 2yoe as a swe... not from a prestigious school or prestigious companies in my cv though.

[@sinoroman]

Birth rates went up and death rates down in the US when the recession started which is weird. Maybe the same for China, we can see

[@Aficionado2023]

What's the point now of getting a higher education if you don't get rewarded for it later? There are some that do so for their own accomplishment and I can understand that but there is the other side to it to where my question comes in. To the rest, what is the point?

[@tonysofla]

Youth-for-Work should be 20yo to 28yo, 16yo to 20yo should go to school or be an intern when they are 18. Many people in China do side hustle like bloggers and streamers, at least enough to pay rent, as that can be had for $150/month in China (sharing a 2bd)

[@Tony63716]

Education is to train how you think and optimize your talents in different sectors. Rapid technological change may not help pressing social needs, and despite rising connectivity, many feel lonely and voiceless. Many of such deep transformations require not only local, but also global solutions. Education systems are certainly influenced by these trends, but they also have the power to affect them. For example, schools are called to help children develop the types of skills, knowledge and competencies required of a 21st century global labour market, but they should also help prepare the new generations for creating the jobs of the future, those that do not exist yet. What these recent trends mean for each education system is a pressing and open-ended question for policy makers, teachers, parents, and students who are ultimately responsible for the future of education in a world characterized by uncertainty, diversity, and rapid changes.

[@Tony63716]

China Will Be Less Hard Hit by the Global Economic Downturn. The “toxic assets” that have shaken US and European governments and brought their financial systems to the brink of collapse have had little effect on China. Rapid declines in global commodity prices have benefited China’s manufacturing base, helping to cushion the drop in demand. China is taking advantage of lower prices and aggressively acquiring companies that produce raw materials. Lower international prices have also relieved inflationary pressures in China’s domestic economy. As a proportion of gross domestic product, the PRC government’s ¥4 trillion ($585 billion) stimulus package is nearly three times larger than the United States’ initial $789 billion stimulus. On February 1, China launched a program that offers rural consumers a 13 percent subsidy to buy certain computers, television sets, refrigerators, and mobile phones. The PRC State Council, China’s highest-ranking administrative body, has also announced a similar program for several cities and various subsidies to promote industry revitalization. China has accrued nearly $2 trillion in foreign-exchange reserves and can easily afford further stimulus, if needed, without relying on external borrowing. High personal savings rates mean that China’s consumers are much better positioned to weather a temporary economic slowdown than their debt-strapped US counterparts. China has ample opportunity for industrial consolidation and can continue sidelining antiquated or inefficient capacity.

[@dennychristian8505]

My question is : How many new companies start every year in China?

[@hu9818]

Will be automatically corrected by next 10 years after birth rate dropped dramatically.

[@raynarksatriawibowo6688]

Low salary + overwork time

[@brpugonlatour1636]

No need reason. Just work! Clean the streets or something

[@niklaswhindrichs1768]

We need a better work environment culture as togetherness and communal share is better for community

[@olderchin1558]

This stat serve no purpose. What the Chinese government should be publishing is the number graduate in each age group and each discipline that are unemployed per city and region. The problem of graduate to industry mismatch is a serious problem in all countries. The youth needs this information to plan his career and Universities need it to plan its intake. The government also need to manage quality and quantity of Universities to be approved and licensed. Of course the government also needs to find our the employment demand of each industry in each region and city.

[@anglo-saxonconnor817]

China is the most populated country in this world and though it is large but it is still not the biggest spacious country in this world. You don't really need so many humans in this world to work for the sake of working and beside you can use machines and technology nowadays to do work making the excess human population even more redundant already. Stiff competition between nations doing the same work vying for the same limited global market in life, income disparity between generations and different economic climate between eras are all factors too that causes unemployment rate in today time. Never understand why humans can't beat the instinct to breed just for the same cycle to repeat on a whole new person again.

[@Jo-lz4ie]

So many reasons and excuses from Mao

[@jacksmith-mu3ee]

Source

[@lordlee6473]

Time to abandon the household registration system and make it easier for candidates to hunt for jobs nationwide

[@slu2657]

Contract worker agency to work abroad.

[@chatter4427]

and most ppl are in college at that age

[@terrie001]

China so big and no job? America here needs worker. They should immigrate here for jobs.

[@misterbig9025]

Adult entertainment jobs in USA

[@AhmetTekin101]

The government won't let them go. China is a big bird cage.

[@chenghonggoh4746]

They did. A few months ago, it was reported that large groups of Chinese illegally sneaked into the United States from Mexico.

[@jacksmith-mu3ee]

Usa has laid off workers

[@jacksmith-mu3ee]

​@@AhmetTekin101agreed List of Countries the US has Bombed Since the End c WWII (may be incomplete) Korea and China 1950-53 (Korean War) Guatemala 1954, 1960 Indonesia 1958 Cuba 1959-61 Vietnam 1961-73 Laos 1964-73 Belgian Congo 1964 Dominican Republic 1965--66 Peru 1965 Guatemala 1967-1969 Cambodia 1969-1970 Nicaragua 198OS El Salvador 1980s Lebanon 1982-84 Grenada 1983 Lebanon 1983, J 1984 (Lebanese, Syrian targets) Iran 1987 Panama 1989 Iraq 1991 (First Gulf War); 1991- 2003 (US/UK "NO Fly Zone") Kuwait 1991 Somalia 1992--94; 2007 Bosnia 1994-1995 Iran 1997 Sudan 1998 Afghanistan 1998 Yugoslavia 1999 Afghanistan 2001--ongoing Iraq 2003 (Second War--more recently predator drones) Yemen 2002, 2009 Libya 1986, 2011

[@fadzanuar4962]

Wait until AI...starts tak8ng over some jobs...then you'll see high populations would not be as an advantage as it used to be.

[@jvp9703]

A youth is someone 25 years or younger.

[@jazz的下午茶]

Lol,maybe,purchasing power getting low is the One of the mainly reasons that couses that.

[@Ren_Zu]

Too much population

[@dendencomendador4867]

Come to Penang lah😂😂

[@JoyoAbadi-x9v]

Or, hear me out!!!, you misrepresented last data and finally correcting the data, then call it a day…

[@qastaX]

I usually like SCMP pieces but this was not an informative piece. Titled asked the reasons behind yet the content was all about the number and the symptoms. Bit of a waste of time.

[@user-cf4jwxoz8l]

Water Village

[@doyouguysnothavephones8967]

China is going through its own Great Depression.

[@pika718l]

Ccp trying to medicate the actual figures haha lol

[@IamAWESOME3980]

I am no longer young

[@bernardszeto2064]

Why can’t these students move overseas to work? Is it because of lack of English skills?

[@lumi9011]

我的餐厅一直招不到人，说白了还是有钱，宁可不工作也不愿意将就

[@ShuiKiCheung-v5z]

中國大陸政府的危機因為台灣撤資及沒有其他投資者一帶一路只可以解決短期問題？Mainland China government crisis because of Taiwanese investment left and no new investment one belt one road only solve the short term of problem?

[@amunra5330]

I am going to guess because Chinas population is 1.4 BILLION people……..

[@chenghonggoh4746]

Just create another '上山下乡运动' and you will solve the problem.

[@jarrodyuki7081]

im joining the navy and police. navy for 10 years and police until 65 im not worried!!!!!!!!!!!!!!!!!!!!!!

[@fongnam8670]

my answer rich chinese help poor chinese dont be calculative .Wish all china successful

[@johnvtran]

They should come to America. There are plenty of jobs here.

[@NazriB]

Lies again? Your Father USD SGD

[@shaduck06]

$20/h waiter jobs

[@கோபிசுதாகர்]

No they're aren't😂😂

[@கோபிசுதாகர்]

*there

[@leeweesquee]

HAHAHAHHAHAAHHAHAHAH

[@bigphinis675]

The reason is the CCP and XIE

[@loelds4817]

Im not chinese, but please help me understand these statistics because aren’t 16 - 24 year olds normally considered full time students? I mean, what is considered the normal age to start full time work in china? 15?

[@Thatsh1tsdingo]

In what world is18-24 year olds "normally considered students"? Most of the world does not pursue education after 18. Even in the U.S., only about 35% of those age 25 or older have a bachelor degree.. One quick google search would tell you that. Even in many parts of the world, high school education isn't attained by the majority. Even in the U.S. only 87% of the people finish high school. In other words, many many many people start working once they finish high school at 17 or 18. Some may not even finish high school and start working at 16-17 in the U.S. and in MANY places in the world. It's not uncommon AT ALL. Your confusion is a result of your ignorance.

[@warmike]

@@Thatsh1tsdingo many of those not going into universities go into skilled trades. I think it's safe to say that the majority of people get some sort of professional education.

[@IamAWESOME3980]

Where is your job?

[@johnnyc937]

China needs some colonies for its massive crowd population and graduates!

[@w_k773]

👏🏻👏🏻👏🏻 Well done lol