1 in 5 young people in China can't find a job – and that's a big problem for Xi Jinping
Then there's the labor market. It's comparable to the economy young people in the US faced as they left college in the depth of the financial crisis in 2008/9. AboutWhile things should get better if the economy rebounds, there's a more existential issue facing China's young people.
"Most young people in China go to college and there are not enough jobs for these graduates," he told Insider. "If China relied more on consumption for demand, that would help because consumption is mostly services and sectors such as media, entertainment, education, health, finance, and telecom are where the jobs will be.
China's president, Xi Jinping, doesn't need to worry about being embarrassed by voters of course. Yet economic instability among China's young threatens to give him an unwanted headache nonetheless. as its population ages rapidly. It's partly the result of China's former one-child policy.
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