Youth Unemployment Rate in China Increases With a Record Number of College Graduates
China is paradoxically entangled with an increasing youth unemployment rate and a shortage of workers, all the while producing the highest number of college graduates in its history. China has gone through numerous educational policy developments, especially since Deng Xiaoping opened the country’s economic door to foreign businesses in 1978. At the core, the policies have been deeply impacted by the country’s pursuit of rapid economic growth, and more recently, of a global foothold in science and technology. Accordingly, the government has pushed for having a higher percentage of its…