According to Caixin (April 12) China's Ministry of Education reported that 10.76 million
Chinese students are expected to leave college campuses this year, the largest group of
graduates in China's history and 1.67 million more than last year. According to leading
recruitment service Zhaopin.com, job openings for new graduates declined 4.5% in the first
quarter this year from a year ago. The gap between college graduates' job expectations and the
market's demands is visible. Data from the Ministry of Human Resources and Social Security
(MHRSS) showed that manufacturing accounted for the largest portion, 38.7%, of demand for
talent in China, followed by the wholesale and retail sectors. But college graduates' most
desirable jobs are mostly in sectors including internet and communications, real estate and
construction, culture and media, and finance, data from Zhaopin.com showed. Graduates are
either unwilling or unable to do jobs in sectors that have the most urgent needs for workers,
analysts said. A 2021 survey by recruitment site 51job.com showed that 39% of students from
China's top-ranking universities preferred state-owned enterprises (SOEs) in their job hunts,
reflecting risk aversion and a desire for stability, according to Feng Lijun, a human resources
expert at 51job.com.
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