Graduate Unemployment in China
The markets for China's graduates share much in common with those of other countries. China's recent upsurge in graduate unemployment relates to a number of things. One important aspect is its education policy-making and economic development as well as reforms in the economy and in its higher education. Recently, the annual growth in the numbers of new graduates, estimated at four million for 2005, and in the rate of young unemployed graduates should logically bring about a withdrawal from higher education. Because with 8% annual growth, the Chinese labour market may well generate about eight million jobs, but these are mainly ones in manufacturing requiring low-level qualifications. This rising enrollment made employment an issue and a serious challenge for China.
Read more about this topic: Graduate Unemployment
Famous quotes containing the words graduate, unemployment and/or china:
“1946: I go to graduate school at Tulane in order to get distance from a “possessive” mother. I see a lot of a red-haired girl named Maude-Ellen. My mother asks one day: “Does Maude-Ellen have warts? Every girl I’ve known named Maude-Ellen has had warts.” Right: Maude-Ellen had warts.”
—Bill Bouke (20th century)
“... of all the aspects of social misery nothing is so heartbreaking as unemployment ...”
—Jane Addams (1860–1935)
“The awakening of the people of China to the possibilities under free government is the most significant, if not the most momentous, event of our generation.”
—Woodrow Wilson (1856–1924)