CHINA: Graduates struggle to find work

Even as labour shortages plague manufacturing industries, more than one-quarter of this year's 6.3 million Chinese college graduates are unemployed, according to the Education Ministry, reports Dexter Roberts for Bloomberg Businessweek.

The problem of graduate unemployment and underemployment has been building for years, due to rising university enrolments and a mismatch between what students learn and the skills companies need. Since 1998 the number of graduates has risen threefold.
Full report on the Bloomberg Businessweek site