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https://theconversation.com/chinas-youth-unemployment-problem-has-become-a-crisis-we-can-no-longer-ignore-213751>
"Youth unemployment is a global problem, but in China the rate - 21.3% - is
particularly alarming, not just because it’s high, but because it could affect
other economies and geopolitical relations.
The release of the rate, which more than doubled the pre-COVID rate of May
2018, coincided with China’s National Bureau of Statistics announcing it would
no longer report age specific data because it needed to “improve and optimise
labour force survey statistics”.
Youth unemployment is a complex issue, but even more so in China as a result of
government policy and society’s expectations.
Under the
Hukou system, households in China are required to register, and
authorities then determine where they live and work and which public services
they can access.
The system often stops rural residents taking advantage of urban opportunities,
which can limit their work prospects.
The stress and uncertainty experienced by this demographic is only worsened by
the expectations that come with being the only child in the family as a result
of China’s one child policy, which was abandoned only seven years ago."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics