HONG KONG — In America, things are finally starting to look up for the millennials. Unemployment has dropped, job prospects have brightened, and the economic hangover from the recession has begun to fade.
In China, the headaches for the younger generation may have just begun.
This summer, nearly 7 million students will graduate from Chinese universities — a record high. Of these, only 27 percent of Beijing graduates and 30 percent of Shanghai graduates have lined up jobs — a record low.
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