The story of Kong Yiji, a miserable scholar-turned-beggar, written by Lu Xun in 1918 has gone viral among young Chinese. A record 11.6m of them are expected to graduate from university this year, but the unemployment rate for people aged 16 to 24 in cities is nearly 20%.  The Economist’s Beijing bureau chief, David Rennie, and senior China correspondent, Alice Su, discuss why the story of Kong Yiji has caused an argument between Chinese netizens and the state. They also hear from graduates about how they see their job prospects. Sign up to our weekly newsletter here and for full access to print, digital and audio editions, as well as exclusive live events, subscribe to The Economist at economist.com/drumoffer. Hosted on Acast. See acast.com/privacy for more information.