Global Financial Crisis and Job hunting:(

Absolutely, to me and all the graduates, the direct effect of Global Financial Crisis is how to find a job.
As I know, some companies such as Wal-mart, HP, Carrefour, stopped their china college recruiting plan this year. Meanwhile, more and more young people have to get jobs when they graduate.
Why and how does it happen? Universities have an undeniable responsibility. From 2002, universities began to expand their scale of higher education blindly without considering it's good or bad consequence .
This situation reminds me the financial crisis which happened in asia, 1998.