Record Number of Chinese Graduates Flood Job Market Amid Economic Headwinds
• Record 11.79 million college graduates expected in China in 2024, adding pressure to job market • Unemployment rate high among 16-24 year olds; graduates prefer white-collar jobs but manufacturing jobs available • Analysts urge China to boost private sector to create jobs amid property slump and weak growth • Education ministry introduced 26 measures to boost graduate employment and entrepreneurship • Universities encouraged to improve career counseling and assess job market needs