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News Summary: Tightest job market for China grads

The Associated Press

TOUGH TIMES: While the job market in China is still better than in much of the world, 2013 appears to be the worst for young graduates. A record 7 million are leaving universities and graduate schools at a time when companies are hiring fewer people.

JOB CRUNCH: The country's stunning economic growth is slowing, and gone are the days when graduates were assigned jobs in their industries. The number of jobs for new hires has declined about 15 percent since last year.

TACTICS: Policy-makers are urging measures to help newly minted graduates gain employment, including creating more community-level jobs, reducing paperwork, recruiting for the military and promoting entrepreneurship.