Meet China’s boomerang kids

CAUGHT amid a glut of job applicants fresh out of college, many of China’s newly minted graduates are choosing a time-worn path the world over: relying on their parents for hand-outs.
According to a new survey conducted by Peking University, more than one-third of recent Chinese graduates continue to live off their parents. A still greater number are failing to save any money with 40 per cent reporting that they live pay cheque to pay cheque. More...