CHINA-ECONOMY: CHINA HAS INSUFFICIENT JOBS FOR UNIVERSITY GRADUATES
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The South China Morning Post (July 16) reported that China’s universities produce millions of graduates each year, but many can’t get a decent job and end up unemployed or in factories. It quoted China's Ministry of Education as saying that a record high of 9.09 million university graduates entered the job market this summer, increasing from 8.74 million in 2020. The newspaper added that nearly a third of the 135 newly enrolled production line workers at the China Tobacco Henan Industrial Co. factory in Henan held a master’s degree while the rest were undergraduates.
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