ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China's college grads despair over worst job market in decades

Youth unemployment hits record levels in COVID-hit economy

Chinese university students attend a graduation ceremony in Wuhan. A record 10.76 million college students are expected to enter China's battered job market this year.   © AP

HONG KONG/SHANGHAI -- With a top university degree in hand, Mia Li had dreams of turning her internship at a Chinese tech company into a permanent job -- until her employer started firing staff.

"Big tech companies used to recruit from colleges in the spring. But every one of them is laying off staff this year," she told Nikkei Asia. "I started to panic and worried that I wouldn't be able to find a job."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more