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Trade Tensions Seen Tightening Job Market for Chinese Graduates

Trade Tensions Seen Tightening Job Market for Chinese Graduates

A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating trade tensions between Washington and Beijing.

Observers say that as China’s export-dependent economy braces for more hits from tariff hikes, which U.S. President Donald Trump recently imposed, the country’s job markets will be tighter for everyone including fresh graduates.

And the impact of a job mismatch among college graduates has long weighed on their actual employment rate at only 52% this year, according to a recent survey.

That means more than 4 million graduates will soon join the ranks of those unemployed, although many of them may opt to pursue higher education, the survey found.

 

Aliqismet BADALOV,
“Khalq qazeti”

18 2019 10:42 -

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