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China opens nationwide job fairs for graduates
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Job seekers crowd into an employer's stall at the job fair for medicine graduates in Nanning, capital of east China's Jiangsu Province, Nov. 15, 2008. A job fair kicked off here on Saturday with over 5,000 jobs vacancies provided by more than 100 enterprises. [Sun Can/Xinhua]

Job seekers crowd into an employer's stall at the job fair for medicine graduates in Nanning, capital of east China's Jiangsu Province, Nov. 15, 2008. A job fair kicked off here on Saturday with over 5,000 jobs vacancies provided by more than 100 enterprises. [Sun Can/Xinhua]



More job opportunities in less-developed central and western China will also be offered to graduates.

Due to the global financial crisis, many companies have cut the number of jobs on offer, especially financial institutions and overseas companies. While recruiting demands in sectors like trade, real estate and textiles have also shrunken.

Factors that used to affect graduates' job searches, like salaries, don't matter any more. Many graduates have chosen to apply for post-graduate studies. And state-owned enterprises are now more popular with graduates than overseas companies.

One graduate said "It's more stable to work in state-owned firms. They also offer more positions."

However, the government's stimulus package has increased graduates' confidence in the future.

One college student said "The stimulus package will surely provide more job opportunities for us. I'm confident about that."

But experts are reminding people that the impact of the financial crisis on the domestic employment market is just beginning to be felt. Graduates will begin to feel the pinch more at the beginning of next year. So they suggest graduates make their final choices as soon as possible.

(CCTV November 17, 2008)

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