NEW YORK/SHANGHAI -- New graduate Glonee Zhang had high hopes when he landed a job at a lithium battery company in Shenzhen last summer. Now, like more than one in five young people in China, he's out of work.
An English major entering a post-COVID working world, Zhang thought "the end of the pandemic would bring a bright future." Six months later, he and half of the firm's intake of 400 new grads were laid off when the company's sales slumped by 10% year-on-year.
