China Job Search Remains Difficult
Acsilyn Miyazaki | | May 16, 2014 04:56 AM EDT |
Jobs will be scarce for a lot of graduating students in China this year because of the already tight job market in the country.
The search for jobs in the country has been difficult for students who will graduate this year, said a cabinet notice released on Tuesday.
The total number of graduating students for 2014 reached 7.27 million, according to the General Office of the State Council. The number has set a new record for the country making it tougher to find jobs as China's economy has been confronted with slow growth.
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This year's number of graduates is two times more than that of ten years ago because Beijing has been pushing universities to enroll new students, and parents still consider sending their children to higher education as the only way to achieve success.
The director of Institute of International Labor and Social Security, Mo Rong, said that college education has become common in China. However, he pointed out that the situation in the country is no longer the same as the early years. For instance, those who had undergraduate diplomas in the 1980s normally got more respected and stable jobs.
Mo added that there are about 15 million young people in China who would begin their yearly job search. Half of the number would graduate from college this year, he said.
There are about 25 million in China looking for jobs annually. The surging unemployment rate and having less valued diplomas in the country has made it more difficult for new graduates to look for jobs.
The Chinese government has implemented tax breaks to encourage college graduates to engage in their own business rather than getting a job in public institutions. The government also urged graduates to look for jobs in mid-sized cities where there is less competition compared to big cities.
TagsMo Rong, Institute of International Labor and Social Security, General Office of the State Council
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