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We hear about the graduates in the news especially since Xi told them to go work on farms, but what percentage of Chinese youth get a degree (I genuinely don’t

We hear about the graduates in the news especially since Xi told them to go work on farms, but what percentage of Chinese youth get a degree (I genuinely don’t know). If it’s anything like the US the majority of people entering the workforce don’t have a degree. And manufacturing in China has really downsized over the past year. I suspect it isn’t easy for them to find jobs either.

alephnerd 3y ago
Based on released govt and market data, the early career white collar market has bottomed out. Approximately 25% of 16-24 yr old jobseekers are college graduates (this is probably overstated as China recently began treating both Vocational Institutes and 4 year programs as colleges in statistics), but only around 15-18% of college graduates end up signing an offer by graduation, and most industries have seen around 50%-66% of companies reduce NCG hiring. [0] By most standards this is absolutely a skilled jobs or white collar recession. Manufacturing downsizing has happened, but that was done by Chinese companies either moving factories abroad to Vietnam, Laos, Cambodia, India, etc or begin automating manufacturing [1] Note: treat college in above as any post-secondary program (eg. Vocational school, 4 year degrees, graduate degrees) as all 3 types of programs are merged as a single bracket in Chinese govt statistics. [0] - https://pdf.dfcfw.com/pdf/H301_AP202305151586638633_1.pdf https://pdf.dfcfw.com/pdf/H301_AP202305151586638633_1.pdf [1] - https://www.mfat.govt.nz/assets/Trade-General/Trade-stats-and-economic-research/ECO-Research-Report-The-China-ASEAN-Dynamic-February-2016.pdf https://www.mfat.govt.nz/assets/Trade-General/Trade-stats-an...