China Job Market for Graduates Shows Stress on Slowdown

http://www.bloomberg.com/news/2012-07-27/china-job-market-for-graduates-shows-stress-on-slowdown.html

China’s job market for university graduates is showing signs of stress as the nation’s deepest economic slowdown since the global financial crisis coincides with a record 6.8 million students completing their studies.

“The job market for graduates is the worst since 2009,” said Jennifer Feng, chief human resources expert at 51job Inc. (JOBS), a Shanghai-based online recruiter. In Beijing, Tang Wen, a spokesman at ChinaHR.com, a Chinese subsidiary of Monster Worldwide Inc. (MWW), said conditions “may be slightly worse compared with 2011, but not too much.”