Chinese graduates rise exponentially

Over 8.34 million people graduated from Chinese universities in the summer of 2019, compared to 17,000 in 1950, a year after the People’s Republic of China was founded, according to the People’s Daily, reports Xinhua.

Enrolment at universities changed significantly in 1999 when the number enrolling surged by 47.4% from 1998. And by 2018, more than 45% of the Chinese labour force had a university diploma, and the gross enrolment ratio of higher education – the proportion of students enrolled in universities in the 18-22 age group – stood at 45.7%.

Unlike 70 years ago when jobs were assigned, Chinese graduates now have choices to either pursue further studies, start their own businesses or find careers in industry.
Full report on the XinhuaNet site