CHINA-EDUCATION: CHINA GRAPPLING WITH INSUFFICIENT JOBS FOR GRADUATES THIS YEAR

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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