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Record numbers of Chinese graduates enter worst job market in decades

11 Comments
By Martin Quin Pollard

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No, so why are you comparing them? Because I wasn't.

Because that is exactly what you did. Here is what you wrote, word for word.

A cohort of graduates larger than the entire population of Portugal is about to enter one of China's worst job markets in decades at a time when youth unemployment is already more than three times China's overall joblessness rate, at a record 18.4%.

In the UK, the youth unemployment rate is still 10.4%. Unemployment rate for 16-17 year olds in March 2021 was 35.5 percent, with the recent rate for that group still at 22.4%.

You exactly compared the rate of Chinese college graduates unable to find work to the unemployment rates of UK youth and UK 16-17 year olds. Nowhere in your post did you mention the unemployment rate of recent college graduates in the UK.

>

3 ( +3 / -0 )

So, no matter how the media tries to portray Chin in a negative light, the reality is, other countries are experiencing similar or worst economic conditions.

Not to put too find a point on it but comparing the unemployment rates of 16-17 year olds or that of "youth" however that is defined to that of college grads expecting to be hired after sweating bullets for years studying is not very bright, don't you think? They are too completely different job markets with different expectations.

2 ( +4 / -2 )

> UK college graduates in 2021 had an unemployment rate of about 12%; not too far off from China's 18.4% this year. Anyone make a big deal about that?

It’s a major difference!

And very far off!

Give me a return of 6.4% on my investment and I’ll put up hundreds of thousands of US dollars

1 ( +1 / -0 )

I'd never wish anything bad for normal Chinese. Hopefully, they will find rewarding work, so they can have the pride of earning a paycheck and supporting themselves and extended family with work that is useful to society.

If China integrated into the rest of the world a bit more, like taking down their firewall and ending govt censorship, much would change for the better. But that would take a change to the Chinese Constitution to be effective and the current leaders would never allow that.

0 ( +0 / -0 )

A cohort of graduates larger than the entire population of Portugal is about to enter one of China's worst job markets in decades at a time when youth unemployment is already more than three times China's overall joblessness rate, at a record 18.4%.

The youth got betrayed by their government and the control it has over the population will make their only option to just accept it. The pandemic is of course one important cause of the unemployment, but the lack of an exit strategy for China will only mean that the situation is going to remain as now or maybe even worse from now on.

The culture will make this specially though for the unemployed, too bad that the current government don't seem to care too much about it.

-1 ( +1 / -2 )

So, no matter how the media tries to portray Chin in a negative light, the reality is, other countries are experiencing similar or worst economic conditions.

And other countries much better economic conditions, without any significant disadvantage because of it. And even on those countries that are in difficult situation the population at least still have enough human rights to protest and replace their goverments because of it. That option is no longer available in China.

-1 ( +1 / -2 )

Power plants in China are mostly coal powered and coals are imported from Australia that is presently fighting a trade war against China.

China produces over 90% of the coal it requires for power production. It is not currently accepting loads of coal from Australia. It doesn't need it. It really doesn't. The little extra coal China needs to import beyond what it produces domestically it imports from South Africa mostly. Coal fired power plants produce about 57% of China's total energy needs, down from 70% a decade ago.

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Desert TortoiseToday  04:15 am JST

You exactly compared the rate of Chinese college graduates unable to find work to the unemployment rates of UK youth and UK 16-17 year olds. Nowhere in your post did you mention the unemployment rate of recent college graduates in the UK.

You misread again.

Just mentioning facts doesn't make a comparison.

You're trying to turn the facts into the argument that you want to make, not the one that is actually being made.

-2 ( +0 / -2 )

China like Russia won’t cooperate with the globalists agenda for global governance so she is now being isolated/targeted to make her inconsequential. George Soros took all his billions in investments from China. Manufacturing firms are closing shop and companies are fleeing because of power outages. Power plants in China are mostly coal powered and coals are imported from Australia that is presently fighting a trade war against China.

-3 ( +0 / -3 )

A cohort of graduates larger than the entire population of Portugal is about to enter one of China's worst job markets in decades at a time when youth unemployment is already more than three times China's overall joblessness rate, at a record 18.4%.

In the UK, the youth unemployment rate is still 10.4%. Unemployment rate for 16-17 year olds in March 2021 was  35.5 percent, with the recent rate for that group still at 22.4%.

And UK's GDP growth is approximately 8.4%---the same as China's.

So, no matter how the media tries to portray Chin in a negative light, the reality is, other countries are experiencing similar or worst economic conditions.

In the end though, China will continue to move forward as an economic power.

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Desert TortoiseToday  01:10 pm JST

Not to put too find a point on it but comparing the unemployment rates of 16-17 year olds or that of "youth" however that is defined to that of college grads expecting to be hired after sweating bullets for years studying is not very bright, don't you think?

No, so why are you comparing them? Because I wasn't.

Because you didn't read and comprehend the entire comment, you missed the point. Not too bright eh?

If you had resisted making a knee-jerk comment, you would see I was comparing a segment of UK demographics of last year with this years of that in the UK. Novel concept huh?

UK college graduates in 2021 had an unemployment rate of about 12%; not too far off from China's 18.4% this year. Anyone make a big deal about that?

https://www.bloomberg.com/news/articles/2021-03-08/pandemic-leaves-one-in-eight-recent-u-k-graduates-unemployed

-4 ( +0 / -4 )

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