Dimming Prospects: China’s Young Graduates Face Bleak Job Market Amid Soaring Unemployment

Chinese Youth Face Bleak Job Prospects Amid Surge in New Graduates

As a staggering 11.79 million new graduates enter the workforce, China's youth unemployment rate climbs even higher, compelling many to lower their career expectations.

Peter Li, a software developer from Shenzhen, was recently let go from a prominent internet firm, marking an end to his first employment since completing college. He was unable to achieve the performance goals set by his department.

Li has become part of an increasing number of young people suffering from China's harsh employment landscape. Although the 24-year-old believes he will secure another job in time, Li mentioned that he may need to adjust his standards regarding salary, career progression, and balancing work with personal life.

"According to Li, who completed her studies in the summer of 2022, the job market has worsened. She noted that her peers who advanced to a master's program are struggling more to secure employment compared to their job search after earning their bachelor's degrees."

"In the past, securing a position with online firms was relatively straightforward. Today, it has become challenging and the pay is less appealing."

As unemployment rates climb, an increasing number of young people in China are facing a difficult decision: accept a poorly paid job or rely on their parents' retirement funds.

Many assert that despite their ability to endure, they refrain from aspiring for a brighter future. Some have adopted the practice of "lying flat" – a term used to describe abandoning ambition or productivity – as a form of objection to their harsh circumstances.