China's 'full-time children' move back in with parents, as good jobs grow scarce
A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19 TAIPEI, Taiwan -- When she first moved to the Chinese tech hub of Shenzhen after graduating from college, Marguerite Wang imagined she would spend her career working hard in a big city. Instead, she's living with her parents in her hometown in northeastern China. A record of more than one in five young Chinese are out of work, their career ambitions at least temporarily derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19. Wang, who was laid off from a gaming company in December, is among an estimated 16 million young Chinese who, daunted by the difficulties of finding decent jobs, have moved back home. She asked that her English nickname be used out of concern that speaking to foreign media might hurt her job prospects. Afte...