The job market in China is currently facing a significant downturn, with real estate developers in debt, families hesitant to spend, and entrepreneurs unwilling to take risks. This has led to record high levels of unemployment among young people. We interviewed five young Chinese individuals who shared their experiences of moving back home with their parents, depleting their savings, taking unpaid internships, and working multiple jobs to secure employment. They also expressed a sense of disillusionment due to unmet expectations and fading opportunities. The economic slowdown in China has raised concerns about its future impact on the global economy.
Nadia Yang, Class of 2019
Fiona Qin, Class of 2023
Fiona Qin, who had a clear plan for her career, faced challenges in finding a job despite completing internships and submitting numerous applications. The uncertainty of the job market has disrupted her aspirations.
Ethan Yi, Class of 2022
Ethan Yi, who had high expectations due to his college education, was surprised by the reality of the job market. His initial job offered low pay, prompting him to reconsider his approach to career growth.
Phoebe Liu, Class of 2022
Phoebe Liu struggled to secure her first full-time job, raising doubts about achieving the same level of success as her parents. The challenges of the current economy have made traditional milestones like homeownership seem unattainable.
Tsuki Jin, Class of 2020
Tsuki Jin, hailing from a small city in inland China, faced…
2024-01-28 00:03:20
Original from www.nytimes.com
