China's youth unemployment rate has reached a record high, with the urban unemployment rate for 16-24 year olds at 21.3%. Due to China's slowed economic growth and cautious business development plans, many top school graduates are struggling to compete, leading to young people taking on seasonal jobs or turning to livestreaming for income. The government has launched campaigns to increase employment support and organisations are working to connect young people with businesses. Young people are also adopting a new trend of "lying flat" to combat pressure and stress. Despite the high youth unemployment rate, there is hope that the quality of job opportunities will improve with government reform.
1. China's youth unemployment rate in urban areas reached a record high of 21.3%.
2. This is equivalent to about 20 million young people who are unemployed due to China's economic growth rate.
3. The country's slowing economic growth and businesses being more cautious contributed to the high youth unemployment rate.
4. Chinese youth face difficulty in the job market, even those graduating from top schools and with high qualifications.
5. The trend of seasonal work has surged among Chinese youth, as they turn to jobs such as photography and lemon tea stalls.
6. Livestreaming and online sales have become popular among Chinese youth to supplement their income.
7. Visits to temples have increased as a way to relieve stress.
8. Many young Chinese people have a more open view towards young people returning to live with parents.
9. The Chinese government has launched a campaign to promote job promotion and increase employment support for young people.
10. The government is implementing measures such as VAT tax exemption and urging state-owned enterprises to share the responsibility of recruiting more workers.
11. The Chinese government is also reforming the 996 development work model to provide a more harmonious quality job environment.