Think the job situation is tough in the U.S.? It isn’t so rosy in China either.
I’ve also chronicled the surge in factory closures, leaving millions of factory workers out of work. According to theChinese Academy of Social Sciences, the urban unemployment rate is now 9.4%.
Even the highly educated are having a tough time. Chen Guangqing of the National Association of Vocational Educationsaid, “The employment situation may be worse than the 1990s. This time, college graduates are not finding work, andthere are so many of them.”
- Rice jumps 61% in 2008 You and I keep talking about the rising cost of filling up our gas tank, but Asians care a heck...
- Chinese tourism dips Even with the Beijing Olympics, the number of foreign tourists traveling to China dropped by 1.9% in the first 10...
- A U.S. college degree is the most highly valued A poll of South Koreans showed that one-half of all Korean parents want to send their children to overseas for...
{ 1 comment… read it below or add one }