China's youth unemployment rate hits record high as millions of graduates enter job market

China's youth unemployment rate reached a record 16.9% in March as 12.7 million graduates prepare to enter a strained job market. Deflationary pressures and external uncertainties are making it difficult for inexperienced young job seekers. Many graduates are struggling to find employment after failing to secure civil service positions. Some graduates, like Bai Xi, are opting out of further civil service exams due to the demanding preparation and lack of success, highlighting the growing challenges.