It gets worse - there is context to the Chinese numbers he's conveniently neglected to mention. I'm not Indian, so I don't dare comment on the Indian side of th

It gets worse - there is context to the Chinese numbers he's conveniently neglected to mention. I'm not Indian, so I don't dare comment on the Indian side of things, perhaps someone can jump in. China is currently undergoing tremendous backlash and loss of public faith in their postsecondary institutions. A glut of knowledge-based jobs, a remarkable increase in income over the past two decades, and the age-old Chinese affinity for academic achievement has meant the creation of countless "colleges" that barely deserve the name, existing only to bilk their students and hand out degrees of questionable legitimacy and worth. Countless students are graduating now in China with "college degrees" and finding themselves woefully unemployable and a lot poorer to boot. Public sentiment is turning against these schools and demand is rising for government to step in and regulate quality. To put it mildly, China's "200 million college grads" will be mostly way, way out to lunch. Let's compare the graduating rate of legitimate, quality institutions and we'll have a better idea of who's gonna kick whose ass. Even with the quality problem aside, they still face the problem that other heavily industrialized Asian nations have faced already: the dramatic value loss in post secondary education when everyone holds a degree. Both Japan and Taiwan suffer extensively from this, as job requirements climb in response to universal and pervasive college education. Newspapers and websites are abound with horror stories of entry-level data entry positions requiring a masters for consideration. No matter which way you cut it, using college graduation rates is a piss poor proxy for economic power or even employment.