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China – Government rolls out job support as record 10.76 million graduates ramps up employment pressure (South China Morning Post)

16 February 2022

China’s government is rolling out support for a record 10.76 million college students poised to graduate this year, amid heightened competition for jobs and slowing economic growth, reports South China Morning Post. The government will offer special help to young entrepreneurs as “starting a new business has a multiplier effect in driving up employment”, the National Development and Reform Commission (NDRC), China’s top economic planning agency, said. The Commission stated, “In recent years, more college graduates have taken part in entrepreneurship, but they also face difficulties in financing, lack of experiences and services among other issues. The exemplary activities this year will revolve around the promotion of college graduates’ entrepreneurial practices and employment opportunities.” The country’s small and medium-sized enterprises (SMEs), China’s main source of jobs, were particularly hard hit by the pandemic and are still under enormous pressure.