Society

It's easy to understand why college graduates in China feel dejected when they can't find jobs commensurate with their degree. After investing an enormous amount of time, effort and money in their education, they question whether their lifelong dreams will ever become a reality.

The numbers tell why. In 2003, China has about 19 million college students. The number of college graduates of 2010 will reach 6.3 million, as estimated by the Chinese Minstry of Education.

Yet of the 5.6 million college graduates in June 2008, 1.5 million were still unem-ployed in the fall, according to the Chinese Academy of Social Sciences.

If it's any consolation, China is not alone. A similar scenario is playing out in the US, where students from even marquee-name colleges and universities are unemployed or underemployed in the worst economic meltdown since the Great De-pression.

I'm Paul Maidment. This is Notes On The News. Time for investors to consider the political risks in China. They are two and they are connected. First, for all its economic reform since 1979 and pre-global recession vibrancy of its export sector, China remains a command economy. It forced a reaccelerating of growth through massive government stimulus, not alone in that, but it thawed the credit freeze simply by ordering its state-owned banks to lend. But much of the money is going on roads and rail lines to nowhere.

Big project spending is something command economies are good at. They are less good at getting a return on their capital. As our occasional contributor John R. Taylor at FX Concepts points out, China's economic success over the past three decades came in part because its central planners outsourced to the likes of Wal-Mart and Carrefour the decisions over what to make that would be most profitable to export. But now the Western consumer is broke. The central planners are adrift once more.

Students sent to hospital nearby.

Accident happend in this Middle school

Eight teenagers were confirmed dead and 26 others injured in a stampede at a central China school Monday night, local authorities said early Tuesday.

The accident happened at around 9:10 pm at the privately-run Yucai Middle School in Xiangxiang, a small city in Xiangtan of Hunan Province, said a publicity official with the Xiangtan city committee of the Communist Party of China (CPC).

He said the students had just finished their evening study session and were going downstairs when one of them toppled on the stairs of the second floor and caused dozens others to lose balance.

Seven boys and a girl, aged from 11 to 14, were killed in the stampede, he said.

58-year Zhang Ming, an inhabitant of Da Qing city in Heilongjiang Province, was eaten by his pet - Niuniu - a female Tibetan Mastiff.

Zhang Ming loves dogs, he believes that the dog is the faithful friend of human as westerner. So he got Niuniu from his relative, days after Niuniu was born.

In the next 6monthes, he treated it like his own child, under his considerate care, Niuniu became too big to hold in his arms.

Around 9 o'clock 5^th Dec. 2009, Zhang Ming walked out of room to feed his pet Niuniu without taking cellphone, and he didn't take lunch. By 14:00 his family lose their tolerance, so his wife sent their son to seek him. His son found him lying on the ground, and Niuniu was gnawing on his head.

The local police shot the killer - man eater - Tibetan Mastiff at 15:30 in the same day.