A Chinese Employment Crisis

The China Economic Review reports:

Some 25 million young people will be looking for 11 million available jobs this year the National Development and Reform Commission has said, according to state media. The situation was described as the "country's worst employment crisis ever" as children of baby boomers, born around 1980, sought their first jobs in 2006. China can generate 11 million new jobs this year, the NDRC said, adding that at no time in this decade did job creation exceed 10 million a year. Guo Yue, a researcher with the Institute for Labor Studies under the Ministry of Labor and Social Security said: "The government is racking its brains to create jobs as it braces for a real tough year."

To read more:
www.chinaeconomicreview.com