In the three months since the Lunar New Year holiday in early February, job openings for graduates dropped 13 per cent compared to the same period last year, while the number of fresh jobseekers declined by 5 per cent, resulting in the lower ratio. Photos: Xinhua

China’s 8.34 million graduates fighting for fewer jobs as vacancies dwindle and gap years increase, survey shows

  • Number of job openings for each new graduate applicant dropped to 1.41 this year from 1.54 last year, according to online job recruitment platform Zhaopin
  • China’s economy is struggling to maintain stable growth in the midst of the trade war with the United States, with employment concerns increasing
Topic |   China economy

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In the three months since the Lunar New Year holiday in early February, job openings for graduates dropped 13 per cent compared to the same period last year, while the number of fresh jobseekers declined by 5 per cent, resulting in the lower ratio. Photos: Xinhua
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China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report. Photo: Bloomberg

China’s debt ratio hits record high as efforts to offset US trade war mean ‘there is no such thing as a free lunch’

  • China achieved a growth rate of 6.4 per cent in the first quarter after Beijing scaled back its deleveraging campaign in a bid to help the world’s second largest economy
  • But China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report
Topic |   US-China trade war

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China’s debt ratio rose 5.1 percentage points to 248.83 per cent at the end of March, according to a new think tank report. Photo: Bloomberg
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