Nearly one in five China’s youth among 16- to 24-year-olds in urban China are unemployed, with the highest rate ever recorded.
France 24 recently had an interview with young people about their employment status. They said that the government’s ‘zero COVID’ policy and the economic downturn in the country are preventing them from having a bright future.
Zhang Jialiang, who has a diploma in maritime transport, is still without a job several months after graduating.
Zhang said, “I applied to more than 70 jobs, but I was only called back two or three times for interviews.”
He recalled that a large shipping company had promised him a job before graduation. However, the ‘zero COVID’ policy put an end to that, at least for the time being.
Zhang isn’t alone.
According to CNN News, this year, China welcomed 10.76 million college graduates to the job market.
According to CNN calculations based on government statistics, the population of urban youth stands at 107 million. That implies there are currently around 20 million people in cities and towns between the ages of 16 and 24 who are unemployed.
Willy Lam, a senior fellow of the Jamestown Foundation in Washington D.C, said, “This is certainly China’s worst job crisis for young people” in over four decades.
China’s economic development has been slowed down as a result of the Chinese government’s ongoing ‘zero COVID’ policy efforts and the real estate market crisis.
With the increasing pressure in life, young Chinese people have chosen the “Lying Flat” lifestyle since 2021. It is a movement about doing nothing.