As a 90's in China, what Li said part is right but part is wrong.
I am not sure where Li's statistics came from, but it must be wrong. Since only about 30% graduates in 2013 get a job and more and more people, especially in Beijing find that it is too difficult to buy a house. Can you imaging that you have to pay 10 million RMB or about 2 million US dollar to buy an apartment about 100 square meters? For me, I have to say I can see little hope. But it is because of the competition. I believe there are so many talented people who can chase their dream, however, for most of us, we see desperation.