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.
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