Many young Chinese choose graduate school over a grim job market

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Young Chinese are putting off the job hunt. At the end of last year a record 4.6m people sat the entrance exam for China’s graduate schools

Save time by listening to our audio articles as you multitaskSome of these test-takers may have an abiding thirst for knowledge. But more than a few are probably keen to delay their entry into China’s labour market. The urban unemployment rate for young people aged 16 to 24 averaged over 14% last year. In April it rose to 18.2%, its highest level since the survey began in 2018 .

Their plight is easy to explain. The increased supply of university-leavers has met faltering demand. The economy is shrinking thanks to China’s strict “zero-covid” policy, which has locked down some of the best-educated parts of the country, such as Shanghai and areas of Beijing. China’s services sector, which employs many college graduates, contracted by over 6% in April, compared with the previous year.

When job prospects turn precarious, job aspirations turn conservative. College-leavers now crave stable jobs over dynamic ones. State-owned enterprises are their first choice, preferred by 44%, according to Zhaopin. Private enterprises lost popularity. Young people also seem keen to join the civil service. They have displayed a similar enthusiasm for the civil-service entrance exam as they have shown for the postgraduate test.

 

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本科毕业离校前,得去一家挂名公司签到,这就宣称就业了。没岗位,就扩招研究生,堆到研究生毕业,更麻烦,到头了,没得扩招了,稍微一滞,下一届又涌上来了。天晓得怎么办?我们这些党国同龄人,什么党国的霉事全摊上了,没想到,90、00、...更晦气。党的利益高于一切,有党就没你。

Few jobs available in China and tooo many aspirants for a few job openings pushes millions to equip themselves with higher academic degrees to stand a better chance in getting gainful employment. China's economy is in a mess and getting worse. Back to pre-outsourcing poverty.

Entrance exams don't gel with inventiveness, deep and integrated thinking and high creativity. These entry exams examine test taking skills based on regular school work. No wonder China is a mere copycat in all fields and a leading nation in reverse engineering. Made in China 😁

same same but different.

Same thing has happened in the US during an economic downturn.

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