The once-freewheeling industry was long the main source of well-paid employment in China, but major companies are now reportedly downsizing at a scale not seen before as President Xi Jinping’s government continues its crackdown on private enterprise. The Chinese government says the country’s overall unemployment rate remains stable, fluctuating between 5{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} and 5.5{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} in recent