With a population of over 125 million, the region is also the richest province in the country. Last month, the state government announced it would help college graduates and young entrepreneurs find jobs in rural areas.
According to official figures, the unemployment rate of young people aged 16 to 24 living in cities in China is 19.6 percent. This is the highest rate ever recorded in this regard. According to CNN’s estimates, approximately 11 million urban youth are unemployed.
A record number of students will graduate from college this year. This means that about 11.6 million more people will be looking for work.
President Xi Jinping also called for the youth living in the city to “revive the village economy” in December.
Recalling the demonstrations in November 2020, researcher Alex Capri from the Singapore-based Hinrich Foundation uses the following statements:
“If the COVID-19 protests have shown anything, it is that the large numbers of well-educated and angry young people in the cities can create major problems for the ruling Chinese Communist Party. Distributing them to small rural villages can reduce this risk and possibly reduce income inequality in China. “
The slowdown in the country’s economic growth is seen as causing unemployment. China’s economy recorded 3 percent in 2022, the second-lowest annual growth rate since 1976. The closure measures and quarantine restrictions implemented due to the COVID-19 outbreaks triggered by Omicron cases in China were effective in the fluctuation in the growth rate.