China is a populated nation. This year, the number of college students in China will reach 10.76 million, exceeding the 10 million mark for the first time, after the COVID-19 Pandemic. In addition, China is also suffering from heavy unemployment due to Xi’s Zero-Covid Policy.
Recently, the unemployment rate bumped up to 6.1% in April, the highest since February 2020 as the covid cases doubled in the commercial hub of Shanghai. Earlier last month, China recorded an 18.2% unemployment rate among youngsters (age 18-24).
In addition, a targeted crackdown on tech companies also acted as a catalyst to decay the employment opportunities. The extended lockdowns pushed the economy to a breaking point. So, Xi has now given a new solution to tackle the rising unemployment.
Delay the Education
In an exclusive interview with “China New Observation” of chinanews.com, Jin Li, the acting vice president of the Southern University of Science and Technology, has advised Xi Jinping to delay the education of college students.
To reduce the unemployment rate, Jin Li suggests that the Ministry of Education should urgently grant special admissions and mobilize universities to expand graduate and dual degree programs.
Beside, universities should adopt a flexible academic system that allows students to postpone graduation while retaining their freshman status. Therefore, these students can stay on campus for an extra year or two to improve their qualifications. But, this move will be utter rubbish.
Rather than paving the way to decrease unemployment, he is being advised to delay education. But, this move will have five major repercussions. Does the CCP have an answer for that?
1. Burdening the families
Delaying education can indeed solve the problem in the short term. But, by delaying education, Xi will be putting more burden on Chinese families. The students that were supposed to get graduated are going to struggle for like two years. The children who could have become a source of income will yield nothing for the family. The families will have to pay for like two more years for their children’s education to get completed. In short, these families will be more stressed by overburdened expenditure.
2. Loan Procedure Crash
Banks are already slow in providing loans in China. Recently, the People’s Bank of China called for meetings with banks in multiple cities since last week to assess why loans have slowed, along with the difficulties faced by banks, and how regulators can help.
Many students and their families take loans from Public and Private Banks in China for educational purposes. Loans have to be repaid once the education is completed. If CCP decides to actually delay the education of students. The debt on the banks will increase as they won’t be in any position to provide more loans and seek a return in a short time span.
3. What will be the syllabus?
In colleges, The syllabus of the various course is designed in such ways that it gets completed in a short span of one year, three years, or five years. All of sudden, if you increase their graduation for like 2 years. What will they study?
CCP has 2 options, either aggregate the syllabus or teach them something new like ‘great work of Xi Jinping’. Jokes aside, aggregating syllabus or adding syllabus will be a hefty project, and CCP is advised for a short-term issue. So, what will be taught in additional time is a question whose answer is unknown.
4. Stressing The Children and College
Everyone agrees that college life is hectic compared to school life. And when the country is China, the hectic stress could turn into depression. These youngsters have seen enough in the last two years from lockdown to Zero Covid Policy and Xi’s tyrannical nature.
Youth is already so fed up with the CCP’s policies and machinery that they have even stopped bothering about the authoritative actions. But, mental health issues could arise due to delays in the education of these students.
In addition, how will colleges and institutions cope with the admissions of new students? From admission to seat availability, everything will be chaotic.
5. Unemployment, a ticking boom
China is discussing delaying the education of 10.76 million youngsters altogether. When these students will get graduated after the delay, what is the surety of Xi Jinping that unemployment will be controlled?
Given his approach toward Chinese firms and the continuation of a crackdown, youngsters will eventually be unemployed as job vacancies will still remain low. So, this move will prove no good for Xi Jinping.