Trade Tensions Seen Tightening Job Market for Chinese Graduates
Saturday, 18 May 2019 00:13 WIB | GLOBAL |Global

A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating trade tensions between Washington and Beijing.

Observers say that as China™s export-dependent economy braces for more hits from tariff hikes, which U.S. President Donald Trump recently imposed, the country™s job markets will be tighter for everyone including fresh graduates.

And the impact of a job mismatch among college graduates has long weighed on their actual employment rate at only 52% this year, according to a recent survey.

That means more than 4 million graduates will soon join the ranks of those unemployed, although many of them may opt to pursue higher education, the survey found.

Graduates will either take longer to find a job or settle with one that has lower pay or poor career prospects, Crothall said.

Making matters worse, the number of job opportunities in China is on the wane as China tries to move away from labor-intensive industries, said Wang Zhangcheng, head of the Labor Economics Institute at the Zhongnan University of Economics and Law.

Source : VOA

RELATED NEWS

More Airports Screening Passengers Amid China Virus Outbreak
Friday, 24 January 2020 23:43 WIB

More airports are beginning to screen passengers arriving from China amid growing concerns Friday over the outbreak of a new virus there that has already killed more than two dozen people and sickened hundreds. The energy-rich Gulf Arab nation of Qatar, home to long-haul carrier Qatar Airways, said...

France Unveils Pension Reforms, Setting Up Part 2 in Battle With Unions
Friday, 24 January 2020 19:45 WIB

After weeks of crippling transportation strikes, France™s government will formally unveil controversial pension reform legislation Friday. Which will test its ability to overcome powerful union dissent and overhaul an indebted retirement system that is one of Europe™s most generous. The pensio...

Trump Administration Releases Rule Restricting 'Birth Tourism'
Friday, 24 January 2020 11:43 WIB

As the Trump administration adds another hurdle to visitors coming to the U.S. from abroad, the limits of the law may restrict officials from stopping pregnant woman from obtaining visas. The new visa rules published on Thursday by the U.S. Government is an attempt to curb œbirth tourism, the ...

Virus-Related Tourism Ban Could Hurt North Korea's Economy
Thursday, 23 January 2020 23:07 WIB

North Korea has temporarily banned foreign tourists in response to the outbreak of a dangerous new virus in neighboring China. Depending on how long the ban lasts, it could hurt North Korea's economy, which though heavily sanctioned, has received a boost by a recent influx of Chinese tourists. Star...

Top Judge Elected as Greece's First Female President
Thursday, 23 January 2020 17:41 WIB

Greece's lawmakers elected their country's first female president Wednesday, with an overwhelming majority voting in favor of high court judge Katerina Sakellaropoulou. Speaking after being formally informed of the parliament vote, Sakellaropoulou said she would aim for the "broadest possible conse...

ANOTHER NEWS
Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.