Rampant youth unemployment in China has left millions of young people struggling, staying at home, depending on delivery gigs, or increasingly engaging in the growing trend of "pretending to go to work."
Hostels have become melting pots for the anxieties, hopes, despair, and ambitions of China's youth, all within the confines of affordable bunk beds available for just a few dollars a night.
Unemployment among Chinese urban residents aged 16 to 24 rose sharply to 19.6 per cent in March from 18.1 per cent in February, close to the record high set last July when it reached 19.9 per cent, according to the Bureau of Statistics.
Hong Kong, September 9 (ANI): China's economy is in bad shape and could stay that way for a while. Growth has stalled, youth unemployment is at a record high, the housing market is collapsing, and companies are struggling with recurring supply chain headaches.
Beijing [China], September 3 (ANI): China's economy, both at the central and provincial levels, is under considerable stress as two of the world's biggest investment banks have slashed China's economic growth forecast, ahead of the 20th Party Congress of the Communist Party of China (CPC).
Beijing [China], August 28 (ANI): China's slowing economy crippled by COVID-19 lockdowns has left millions of young people fiercely competing for an ever-slimming raft of jobs and facing an increasingly uncertain future.
Beijing [China], June 5 (ANI): With unemployment in Chinese cities increasing substantially, especially among educated young people who are unable to find work, protests have erupted in many of China's colleges and universities.