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China’s Youth Unemployment Crisis: 1 in 5 Are Out of Work



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Shu Xiang, 21, started looking for a job in February and still has had no luck. A financial management major at a college in Chengdu, China, Ms. Shu said she has received five responses to about 100 applications. Graduation is in a few weeks.“I’m not so confident about finding a job,” she said. The only thing that makes her feel less anxious, she said, is knowing she’s not alone — most of her classmates were facing similar problems.Ms. Shu is one of nearly 12 million Chinese expected to enter the job pool next month at a difficult time. The government reported this week that 20.4 percent of people ages 16 to 24 looking for a job were out of work in April. That is the highest level since China started announcing the st …

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