​Rotten-Tail Kids

  • The increasing unemployment rate among Chinese college graduates has led to a new generation of "rotten-tail kids," who are struggling with low-paying jobs or relying on their parents’ pensions.
  • This situation reflects broader economic challenges exacerbated by recent disruptions and regulatory crackdowns.
  • The unemployment rate for Chinese youth aged 16-24 exceeded 20% for the first time in April last year and reached a peak of 21.3% in June 2023, prompting an abrupt suspension of data collection to reassess reporting methods.
  • As of July 2024, youth unemployment remains high at 17.1%, with 11.79 million college students ....
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