China to Break Records with an Outflow of 7.27 Million College Graduates In 2014

The figure of total number of college graduates in China is going to mark highest record next year with 7.27 million students.

Created On: Dec 9, 2013 17:51 IST

The figure of total number of college graduates in China is going to mark highest record next year with 7.27 million students graduating, surpassingthis year's outflow by 280,000, sourced from China Central Television information.

The number of graduating students passing from colleges has been putting a lot of force on employers and job markets, seeing which the China’s ministry of education advised students to hunt employment opportunities in grassroots companies, the other job providing areas being small and middle-sized cities instead of metropolitan ones or provincial capitals. 

The ministry also stimulated college graduates to choose working for non-public firms in order to boost employment and encourage the private economy of country. 

In the meantime, local government departments need to simplify the approval procedures of commencing own business by college graduates. 

Besides, 2014 onwards, Chinese colleges and universities have toissue annual reports for graduate employment rates, and lessen enrolment plans for majors who provide graduates with nonstop low employment rates. 

Data revealed total 1.52 million applicants to attempt the civil servant exam this year for which 77 applicants compete for one position. The enrolment ratio was 7,192:1 for the most coveted posts of government. 

The factors of job security, better health care and housing welfarehave led many graduates struggling to get hold of a position in public offices in China. 

The latest step intends to grow the private economy's development in China, as itestablished mixed ownership while possessing the leadingand dominant role of public ownership.

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