Earth Science News
TRADE WARS
'Can't sleep at night': China's youth worry about tough job market
'Can't sleep at night': China's youth worry about tough job market
By Jing Xuan TENG
Beijing (AFP) Aug 20, 2023
Freshly graduated psychology major Zhang has failed to find a job in her chosen field of market research despite sending out thousands of CVs to Chinese employers.

The months-long search has taken an emotional toll on the 23-year-old, who had ironically conducted a survey on jobseeking anxiety as part of her university studies.

"After graduating, I've found that the pressure is really huge," she told AFP at a recruitment fair in Beijing this weekend, declining to provide her full name for fear of repercussions.

"For every ten resumes I send out I get one response," she said.

Zhang is one of millions of graduates entering China's job market at a time of soaring youth unemployment.

Recently, the figure has hit a record every month, with 21.3 percent of people aged 16 to 24 jobless in June.

Authorities on Tuesday abruptly said they would stop publishing age-related employment data, prompting public scepticism and concern over youth joblessness in the world's second-largest economy.

At career fairs in Beijing this week, attendees described a challenging landscape for inexperienced candidates hoping to land their first or second jobs.

Yang Yao, an unemployed 21-year-old with experience in media, was disappointed after browsing advertisements at a fair in central Beijing on Thursday where employers mostly sought staff for low-paying sales and administrative positions.

He had quit his previous job in eastern China's Zhejiang province to move closer to his family in Beijing, and was now wracked with anxiety about his prospects after a fruitless few weeks of searching.

"Every night I find myself worrying, what if I can't find a job what will I do about living costs? And I can't sleep at night," he told AFP.

- Post-Covid slump -

China has released a raft of indicators in recent months pointing to a slowdown in the country's post-Covid economic rebound, with weak consumer demand making firms reluctant to hire.

"Recent activity data generally came on the weaker side, suggesting that the recovery is stalling," Jing Liu, Greater China chief economist at HSBC wrote in a note this week.

"This has been reflected by the labour market data," she added.

Xie Wei, a 39-year-old hiring manager at a telecommunications services firm, told AFP that companies that had survived three years of disruption during China's zero-Covid pandemic restrictions were now more selective when taking on new employees.

The companies that have bounced back "will pick a direction, and this direction is first of all that the company must survive," he said.

He also said he felt that young workers, especially those born after the mid-1990s, "are lacking psychological pressure, so they might be lazier" -- echoing the government's stance that the youth should be willing to endure hardship.

However, Li Xiangyang, a 26-year-old former social media manager looking for a new job, said that "maybe in terms of promoting employment we are somewhat lacking".

"If you're in a second or third-tier city... there would be very few development opportunities in my industry," he told AFP.

"I feel like the policies have not caught up."

China has in recent weeks announced a series of measures to boost consumption, including large-scale festivals and sporting events, as well as an increase in spending on services involving catering and healthcare.

But economists have said the government needs to do more to boost consumers' and employers' confidence.

In one industry -- insurance -- positions appear to be plentiful, albeit without a guaranteed income.

Over a third of the booths at a job fair in northern Beijing on Saturday were taken up by insurance companies hoping to hire new sales representatives, with company staff trawling the premises for promising recruits.

"For insurance representatives, we can always expand our teams, so there is no limit on how many we recruit," said Yang, an insurance salesperson in her 40s.

After waves of layoffs in other industries like education, "relatively more talent is pouring into this market", she added.

Recruiters at Saturday's fair showed AFP bank records proving that some teammates had made over a million yuan ($137,300) in half a year, promising limitless wealth from the commission-based jobs.

tjx/je/ssy/mca

HSBC

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Stocks drop as investors worry about US rates, China woes
London (AFP) Aug 18, 2023
Shares fell Friday as investors contemplated the prospect that interest rates could remain higher for longer and on concerns over China's economy. In the eurozone, Paris and Frankfurt ended the week in the red. In London, the FTSE 100 also closed lower, as a wet July dampened UK retail sales, which fell more than expected last month, official data showed. On Wall Street, the Dow Jones Industrial Average was flat after earlier falling shortly after trading began. The broad-based S&P 500 and t ... read more

TRADE WARS
Japan to start releasing Fukushima water on Thursday

Water release finds little support in Fukushima

Japan PM says no decision on Fukushima water release date

Japan PM to visit Fukushima plant before water release

TRADE WARS
MIT engineers use kirigami to make ultrastrong, lightweight structures

China's new rules on AI-generated content

Taiwan's antique jade dealers see trade losing lustre

Invisible tagging system enhances 3D object tracking

TRADE WARS
Parched Egypt struggles to contain water loss

Greenpeace slams Poland's new river protection law

Ireland's fishermen fear species migration as sea temperatures soar

'Silent threat': Bahrain to build walls against rising sea

TRADE WARS
Could artificially dimming the sun prevent ice melt

2023 set to be another bad year for Swiss glaciers: researcher

Rocket Lab to launch NASA Arctic ice caps satellites

Russian defence minister inspects Arctic military installations

TRADE WARS
Hong Kong to curb some Japan food imports over Fukushima water release

Three charged over theft of lambs from farm on UK royal estate

Taiwan slams China's ban on mango imports

US sets up panel in trade spat with Mexico over GMO corn

TRADE WARS
US southwest on high alert as Hurricane Hilary climbs Mexico coast

Hurricane Hilary Barrels Toward Baja California

Niger floods kill 27, affect thousands since July

Strong quake rattles Colombian capital

TRADE WARS
China says Xi to pay state visit to S. Africa, attend BRICS summit next week

ECOWAS to finalize Niger deployment plans this week

Niger scraps jail sentence for head of group supporting military

Six Malian soldiers killed in attack: army

TRADE WARS
Just 5000 steps can save your life

A climate-orchestrated early human love story

Indigenous groups call for bold steps at Amazon summit

Workers less productiv, make more typos in afternoon and especially on Fridays

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.