This paper investigates the problems of developing leadership capabilities in young Chinese people. It analyses youth as a socio-demographic category, characterizes the key specific features of the Chinese young generation including their typical parameters. The article also interprets the problems in the youth labor market, among which the author singles out the problems of high real unemployment rate, age discrimination and imbalances in the labor market, migration of young people to other countries, the phenomenon of nowhere working and nowhere learning young people, outflow of highly qualified young personnel abroad, etc. The author distinguishes the key areas and methods for developing the leadership qualities in Chinese young people, including the organization of centers for the young people retraining for sought-after specialties, within which it is possible to open leadership programs, to establish within the Ministry of Youth a separate department for youth development and adaptation to the national labor market, the creation of leadership camps, schools, etc. The author concludes that the development of leadership capability in the young Chinese has a positive influence on the modern-day labor market and the economy as a whole in the country provided that they take into account the national mentality and traditions.