"Overall, the basic pattern of oversupply of the labor force has not changed. The pressure is still great, and will persist in the coming period." said a senior official at the Ministry of Human Resources and Social Security at the National Employment Working Symposium held in Beijing on February 22, 2011. In the next five years, the total population of China will reach 1.37 billion with an army at the working age to peak at nearly one billion in 2014. The annual number of unemployed is expected to be 13 million. It is expected that the number of college graduates alone will approach 7 million every year.
Source: People’s Daily, February 23, 2011