INTRODUCTORY MICROEONOMICS
2
Introduction
This paper has attempted at analysing the vulnerable condition of the labour market in
China. The growing incidence of lack of job opportunities for university graduates in the labour
market is a grievous concern to all job seekers in China. This paper has been developed with the
help of the article, namely, “Idle hands; Skilled but jobless” reflecting the uncertainty related to
the domestic and international policies.
Discussion
Answer to question A: Reasons for the unfavorable job market for fresh graduates
As stated in the report a record number of 8.3 million graduates were passed from the
Chinese universities in this summer. The number of passing graduates up soared by 45%
compared to the last decade. Recently, two-third of the workforce is graduate students, up and
about two times over the last three years. However, the capacity of the labour market is not
sufficient to absorb all the labour. Trade confrontation with America is considered as a cause of
consequence of deteriorating labour demand in China (Allison, 2017). America is having the
slowest growth rate compared to last three years. This lowers the labor demand in case of
outsourcing business. Further, owing to stringent visa policies, around half a million of fresh
graduates will be forced to back in China without providing any job opportunity. Therefore, fresh
graduates are expected to find themselves stranded in searching out a job in China.

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Unfavorable Job Market for Fresh Graduates in China

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