The 24-year-old told AFP he passed three rounds of interviews at a major tech company in Shenzhen, dubbed China’s Silicon Valley, before the employer said it had frozen recruitments.
Larry Hu, Macquarie Group’s chief China economist, warned that the figure could increase further in July when 11.6 million more college graduates start looking for work. One of the reasons China’s once-freewheeling private sector is seeing much slower growth is because of a sweeping government crackdown on property companies, tech giants and private tutoring firms.
“My parents now want me to study for the civil services exam, to see if I can get a job in a state-owned company.”More than 7.7 million applicants took the civil service exam this year, to qualify for about 200,000 government jobs at national and provincial levels, state media reported. The services sector, for example, remains a rare bright spot with millions travelling and dining out after three years of pandemic restrictions were lifted last December.