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Economic crisis adds to woes of job-seekers with big loans and high expectations

Millions of Chinese graduates out of work after fivefold rise in university places


By Guest Column ——--December 5, 2008

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Su Yinyin's family were thrilled when she won a place at university. As impoverished farmers, they knew it promised a comfortable middle-class life and a giant step up the social ladder for their daughter.
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But now Su, 21, is wondering whether she can reach the next rung. As she looked around the heaving employment fair in Beijing, where 10,000 job-seekers vied for the attention of recruiters, she acknowledged that her parents' pride was increasingly tinged with anxiety. "When I became a student, it was both happy and worrying for my family," she said. "We are not rich. I took loans for university. I just hope I can get a stable job after graduation and repay them." More than 6 million Chinese students left university this year and up to a quarter are still struggling to find work. As the global slowdown bites, students such as Su know it can only get worse. More...

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