Wow... More college students than babies.
Last year, over 10 million students were accepted by various colleges and universities while there were only 9.56 million babies born in China.
Last year, over 10 million students were accepted by various colleges and universities while there were only 9.56 million babies born in China.
Kindergartens, especially private ones, will struggle to survive.
In the near future, some colleges will struggle to survive while elite universities can at least afford not to worry about their own existence.
What's more, folks complain about the pervasive ageism on the job market: โtoo many college graduates; too few babies; 60-year olds are considered unemployable; and most state sector jobs want people under 35.โ
China's median age rose to 38.5, higher than both the US and India.
India's median age is still below 30.
Most college graduates now want a state sector job and they are being blamed for only 'seeking stability' as China faces an uncertain economic future amid international headwinds and malaise in the property market.
Only 6.1% of Chinese college graduates can earn CNยฅ10,000 a month.
Over the next 10 years, over 20 million people are expected to retire every year,
zaobao.com.sg
zaobao.com.sg
With the global economy slowing and external demands dwindling, white-collar workers in China are also being afflicted by the general air of malaise amid widespread uncertainties and instability.
scmp.com
scmp.com
Despite the seemingly bustling hiring season, the number of listings for basic jobs is falling, while the demand for high-end tech talent, in fields such as life sciences and finance, is increasing; and that means the competition has got more gruelling for recent graduates.
Liu Shengye, a 25-year-old who returned home to Beijing after getting a masterโs degree from a top university in London last year, has yet to land an ideal offer.
He has applied for around 70 banking and finance jobs since last fall but got only five interviews.
He has applied for around 70 banking and finance jobs since last fall but got only five interviews.
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