China's youth face bleak job market as COVID slows economy

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Women wearing face masks visit a fabric dyeing workshop in Dali, in southwestern China's Yunnan province Friday, July 15, 2022.

Women wearing face masks visit a fabric dyeing workshop in Dali, in southwestern China's Yunnan province Friday, July 15, 2022. Liu Qian, job-hunting with a new master's degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay.

There were almost two graduates competing for every job opening in the three months ending in June, up from 1.4 the previous quarter, according to the China Institute for Employment Research and Zhaopin.com, another job-hunting website. Li promised "pro-job policies" including tax and fee cuts totalling 2.5 trillion yuan for employers.

Repeated lockdowns that shut down factories and offices in Shanghai and other industrial centres for weeks at a time have disrupted the traditional labour market, said Zhang Chenggang of the Capital University of Economics and Business."In the future, we will face the challenges of technology," he said. "Uncertainty in the labour market may even increase. So for university students, the most important thing is the ability to adapt.

Tao is preparing to take the civil service exam for Anhui province, west of Shanghai, while looking for other jobs. She has sent more than 120 resumes and contacted nearly 2,000 possible employers online.

 

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Will it really be so? In fact, when one door closes, another door opens!

So then is China's continued approach to lock down as soon as a Covid outbreak appears even viable now that we seem to be certain that this is a flu-like virus that will continue to mutate and circulate indefinitely throughout society? Isn't their approach pointless?

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