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Why Chinese college graduates aren’t getting jobs – Yahoo! Finance

The term “hardest job-hunting season in history” has become a buzzword in China recently. According to China’s Ministry of Human Resources and Social Security,6.99 million students will be graduating institutions of higher education this year, a record high since the establishment of the People’s Republic of China in 1949.

This intimidating number is inextricably tied with discussion of another pressing issue: the employment rate of college graduates. The latest statistics released by Beijing Municipal Commission of Education show that only 33.6% of college graduates in Beijing have signed employment contracts, up 5% from April. Meanwhile, a recent report by Tecent-Mycos reveals that college graduates face gloomy employment prospects.

Read the Rest @ Why Chinese college graduates aren’t getting jobs – Yahoo! Finance.

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