China Battles Unemployment to Deter Unrest
Faced with declining growth, China is turning its attention toward the plight of unemployed recent university graduates, whose numbers have swelled to 1.5 million. From The Financial Times:
Tackling unemployment among university graduates will be China’s priority next year as the economy falters, Wen Jiabao, the prime minister, said at the weekend.
The attention given by state media to Mr Wen’s visit to a Beijing university was the latest sign of the government’s increasing fear of widespread unrest as growth declines much faster than expected.
“We have made finding jobs for university students our top priority and will come out with some measures to make sure all graduates have somewhere constructive to direct their energy,” Mr Wen told students at the Beijing University of Aeronautics and Astronautics.