Shanghai’s cityscape overlooking the financial district and the Huangpu River. The prosperous city belies the struggle among millions of graduates on weak first-job pay. Photo: Handout Shanghai’s cityscape overlooking the financial district and the Huangpu River. The prosperous city belies the struggle among millions of graduates on weak first-job pay. Photo: Handout
Shanghai’s cityscape overlooking the financial district and the Huangpu River. The prosperous city belies the struggle among millions of graduates on weak first-job pay. Photo: Handout

China’s fresh graduates are freaking out at living costs in tier-one cities as rents outpace starting pay in jobseekers

  • Millions of graduates compete for jobs and flats in coveted tier-one cities only to push up rental costs, analyst says
  • Rents in Beijing and Shanghai have risen 14-18 per cent since 2016 while the starting pay for new graduates rose 10.4 per cent from 2015 to 2020

Topic |   China property
Shanghai’s cityscape overlooking the financial district and the Huangpu River. The prosperous city belies the struggle among millions of graduates on weak first-job pay. Photo: Handout Shanghai’s cityscape overlooking the financial district and the Huangpu River. The prosperous city belies the struggle among millions of graduates on weak first-job pay. Photo: Handout
Shanghai’s cityscape overlooking the financial district and the Huangpu River. The prosperous city belies the struggle among millions of graduates on weak first-job pay. Photo: Handout
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