China's record college graduates face final test in shrinking job market

Over 60% of graduates submit CVs to state-owned enterprises, private firms receive from just 18%

20240924 Caixin top image
TANG HANYU, HUANG HUIZHAO, LU DANYUN, ZHENG YUHAN and DENISE JIA, Caixin

China's record class of 2024 college graduates -- 11.8 million -- are entering the weakest job market the country has endured in years as the former growth sectors of internet companies, education employers and real estate developers reduce their payrolls.

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