China’s economy is not delivering for its own people. University graduates by the millions leave school and find almost no real jobs waiting.
Official youth unemployment for ages 16 to 24 hit 17.9 percent in July 2026 after a fresh wave of 12.7 million graduates entered the market. Many of those graduates now ride scooters for food apps because factories, offices, and government posts cannot absorb them. Gig work has swollen to an estimated 320 million people, roughly 44 percent of urban employment. That number is not a sign of flexibility. It is a sign that formal work has dried up.
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