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Economists expect such examples to become increasingly common in coming years, as a glut of university graduates and a shortage of factory labour due to an ageing workforce deepen China's job market imbalances. The industries most popular among fresh Chinese graduates, such as tech, education, real estate and finance, have all faced regulatory crackdowns in recent years. Reuters Graphics'ROLL UP YOUR SLEEVES'It is unclear exactly how many graduates are taking jobs below their skill level, but state media has acknowledged the trend. President Xi Jinping repeatedly exhorted young people to "seek hardships" in a recent state media article emphasising his suffering during the Cultural Revolution. China's education and human resources ministries did not immediately respond to requests for comment.
Persons: Thomas Peter, Liang Huaxiao, Liang, Keyu Jin, Xi Jinping, today's, Chim Lee, Jobs, Han Zhaoxue, master's, Wang, Laurie Chen, Marius Zaharia Organizations: REUTERS, Economist Intelligence Unit, Thomson Locations: Beijing, China, BEIJING, Taiyuan, Shanghai, Jining
Opinion | What Americans Don’t Understand About China
  + stars: | 2023-05-17 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
It sometimes comes as a surprise to Europeans and Americans that Chinese people who have seen and enjoyed the best of the West nevertheless prefer China. Jin doesn’t ignore China’s faults and failings in “The New China Playbook: Beyond Socialism and Capitalism,” which was published on Tuesday. But she tells a nuanced story that deserves attention at a time of extreme tension between China and the United States. Consider this, for example: The United States is a democracy, and China isn’t, of course. Similarly, 93 percent of Chinese participants valued security over freedom; only 28 percent of Americans did so.
Can the U.S. See the Truth About China?
  + stars: | 2023-03-27 | by ( David Marchese | ) www.nytimes.com   time to read: +14 min
Photo illustration by Bráulio Amado Talk Can the U.S. See the Truth About China? To see China solely as trying to displace the United States is only going to stoke more fears. The Chinese people believe that a substantially weakened Russia might not be in the interest of China, because if there were the sense that the United States needed to seek out an opponent, China would be next. And then also, the United States thinks that China wants to displace it. The industrial espionage stems from a lack of appreciation from the start of intellectual property, and the United States, by pushing China to do more intellectual-property protection, is actually good for China.
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