Private education – changing needs

• Published 15 Jul 2010

The chronic oversupply of university graduates is driving new trends in China's private education market.

In China, a degree these days won't guarantee employment. Over 30% of the 6.1m students that graduated from China's universities last year were unemployed. So bad has the situation become that even the People's Liberation Army is taking on a record 150,000 graduates this year, the equivalent of the entire British army, and up 15% from last year, to help ease the oversupply. A poll reported by the official Chongqing Times recently, also found that the number of university graduates willing to take up a job without pay has jumped from 1.2% to 20% in recent years.

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