Key facts
- China is urging state-owned enterprises and private tech firms to increase hiring.
- The initiative targets millions of fresh graduates, including those from the class of 2026.
- Eight government departments are involved in the nationwide campaign.
- The goal is to support employment for recent graduates.
China is launching a broad labor market intervention to support the employment of millions of fresh graduates. The government is mobilizing state-owned enterprises (SOEs) and major private technology firms to expand their hiring efforts. This nationwide campaign, spearheaded by eight government departments including the Ministry of Human Resources and Social Security, specifically requires SOEs to hire more graduates from the class of 2026, as well as those who have remained unemployed since previous years. The initiative reflects a significant effort to address youth unemployment in the country.