Friday, November 24, 2006

Dark Cloud for the Silver Lining

We've been hearing for months and as much as a few years now about how supercharged the economy of China is. Apparently it is not enough to absorb all the college students needing jobs when they exit university.

A tide of more than 30,000 students with polished résumés and high hopes surged into a job fair here [...] After years in which graduates were ensured of a good job in the fast-growing economy, the number of degree-holders has outstripped the number of jobs, and the guarantees have evaporated.