Education Report - New Graduates Seek Jobs in Slowing Chinese Economy

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will have a record number of graduates moving into job market this summer. Seven million people will finish studies and begin building a career. But China's economy slowing down. Chances for jobs for many new graduates not goodTo make things harder for current job seekers, than 200,000 who graduated last year are still looking jobsHu Xingdou, an economist at the Beijing Institute of , said only 30 percent of graduates can be employed . The economist said the majority of students remain unemployed looking for work.

And it is not just the of graduates that is making the job search difficult. years of strong growth, China's economy is slowing. Chinese say they are struggling to keep growth about seven . But, Hu Xingdou says a big problem is the of Chinese industry. He says there are many places China where graduate students are needed, but are not to go. Recently, Chinese Premier Li Keqiang called on to give more opportunities to new graduates. In response, privately run enterprises have announced increases in their hiring new graduatesObservers say the government could go even further giving private companies tax incentives and funding to help them more equal to state-owned enterprises. They also say government could encourage new graduates to work in smaller away from China's coastal area by giving them payments other benefits

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