So Many Chinese, So few Jobs

on Chinese unemployment ” “At the same time, the unemployment rate among college-educated Chinese youth is rising. According to a recent paper from the National University of Singapore, 30% of the 6 million graduates who enter China’s job market each year can’t find work. The number of applicants for public servant jobs, for instance, surged from 87,000 in 2003 to 1.4 million in 2009, according to official data.” http://money.cnn.com/2010/12/17/news/international/china_labor_shortage.fortune/?section=magazines_fortune