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China’s overseas graduates return in record numbers into already crowded domestic job market

beijingwalker

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China’s overseas graduates return in record numbers into already crowded domestic job market

He Huifeng in Guangdong
Published: 4:56pm, 21 Sep, 2020

Over 800,000 Chinese students who recently graduated from overseas universities have returned home this year, more than ever before, adding to an already crowded domestic job market.

The number of students increased by 70 per cent from 2019 due to the impact of the coronavirus pandemic and tightening immigration and employment rules overseas, a survey released last week by the online career development platform UniCareer showed.

New graduates now face greater competition in China’s employment market, given the impact of the coronavirus and the resulting economic slowdown on the number of new jobs available.

Returning students must also contend with around 8.74 million new graduatesfrom domestic institutions, the largest number ever.


Of newly returned students, around 28.6 per cent studied in the United States, 26.3 per cent in Britain and 13.2 per cent in Australia, with over 60 per cent holding at least a master’s degree.


Around five per cent of returning graduates were offered a salary worth around 300,000 yuan (US$44,300) a year or more, with nearly 40 per cent earning less than 100,000 yuan.

According to an employment report on graduates in 2020 recently released by 58.com, an online recruitment website, the average monthly salary for domestic graduates in China is 7,839 yuan (US$1,158), or 93,600 yuan per year.

Some 40 per cent of the returnees found a job in either the finance or technology sectors, while only three per cent took jobs in the manufacturing sector and 5.7 per cent in academia or with government agencies, according to the report.

In recent years, the number of Chinese students choosing to return home after graduating overseas has increased greatly – from 186,200 in 2011 to 409,100 in 2015 and 519,400 in 2018.


“I returned to Guangzhou from the United States at the end of March, and started to work in a domestic cosmetics company in May. As a fresh graduate, I’m satisfied with the monthly salary about 12,000 yuan,” said Luke Lu, who recently graduated from a US university with a master’s degree in new media management and marketing.

“I tried to work in the United States for a couple of years, but the pandemic and poor Sino-US relations have made it almost impossible for Chinese graduates to find a job there this year.

“I do feel a bit of regret. I majored in new media management and learned a lot of professional knowledge abroad about Facebook, Twitter, Instagram, Google+, YouTube, which are not available in the domestic market.

“But the domestic market is big and a good place to start my career.”


The official surveyed unemployment ratein urban areas in China dropped to 5.6 per cent at the end of August, 0.1 per cent down from July and from a peak of 6.2 per cent at the end of February, according to data released by the National Bureau of Statistics.

But in the latest figures available, the unemployment rate for people aged between 20 and 24 with a college degree or above – many of whom are fresh graduates – rose to 19.3 per cent in June, up 3.9 per cent from a year earlier.

In August, the unemployment rate for the same group rose 5.4 per cent compared to August 2019, although the NBS did not provide an actual unemployment rate.

 

beijingwalker

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If they choose to study abroad they should try to find a job abroad, not to add pressure to the domestic work market.
 

Viet

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If they choose to study abroad they should try to find a job abroad, not to add pressure to the domestic work market.
Just some of them will get jobs they studied. Many of them will get low paid jobs at restaurants and hotels, the most unlucky ones rely on government unemployment benefits.
why not come to us?
Vietnam needs high skilled workers.
We have the most liberal labor market in Asean.
Petragon, the iPhone contract manufactures seeks 22,500 people for a $1 billion factory.
We have too little people to fill the job vacancies.
 

beijingwalker

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Just some of them will get jobs they studied. Many of them will get low paid jobs at restaurants and hotels, the most unlucky ones rely on government unemployment benefits.
Their parents paid millions to send them to study abroad after many of them failed draconian Chinese Gaokao, they are not a hardworking bunch, they'll choose either a easy but high paying job or mooching from their parents.
 

hualushui

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Just some of them will get jobs they studied. Many of them will get low paid jobs at restaurants and hotels, the most unlucky ones rely on government unemployment benefits.
why not come to us?
Vietnam needs high skilled workers.
We have the most liberal labor market in Asean.
Petragon, the iPhone contract manufactures seeks 22,500 people for a $1 billion factory.
We have too little people to fill the job vacancies.
A certain Vietnamese lives in his beautiful dream
 

Viet

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A certain Vietnamese lives in his beautiful dream
You think I made joke?
I mean serious.
Petragon plans a $1 billion electronics plant. They want to relocate R&D from China to Vietnam.
Luxshare pays up to $600 per month for assembly workers. Engineers get higher pay certainly. Petragon will not pay less.
In total Petragon needs 30,000 workers.
It’s hard to find enough people in a tight market like Vietnam.
 

hualushui

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You think I made joke?
I mean serious.
Petragon plans a $1 billion electronics plant. They want to relocate R&D from China to Vietnam.
Luxshare pays up to $600 per month for assembly workers. Engineers get higher pay certainly. Petragon will not pay less.
In total Petragon needs 30,000 workers.
It’s hard to find enough people in a tight market like Vietnam.
What is the evaluation salary of Vietnamese undergraduate students?
Don’t give me an example of an individual high salary, I’m talking about the average industry level in Vietnam
 

CAPRICORN-88

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What is the evaluation salary of Vietnamese undergraduate students?
Don’t give me an example of an individual high salary, I’m talking about the average industry level in Vietnam
Vietnam will soon reaches a stage of stagnation.
All the signs are already there.
Admit it or not, ASEAN needed China especially Vietnam.
Without China, Vietnam is not going anywhere.
So stop wasting your time.
At least South Korea admitted it openly.
 

IblinI

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Just some of them will get jobs they studied. Many of them will get low paid jobs at restaurants and hotels, the most unlucky ones rely on government unemployment benefits.
why not come to us?
Vietnam needs high skilled workers.
We have the most liberal labor market in Asean.
Petragon, the iPhone contract manufactures seeks 22,500 people for a $1 billion factory.
We have too little people to fill the job vacancies.
Just what the hell are you talking about, dude, come on.
 

CAPRICORN-88

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Like the Taiwanese, many Vietnamese will be heading for China to get a real job.
That is where all the opportunities are.
50 million Americans are on unemployment insurance benefits.
If the US dollar come crashing 30%, it is all over for Vietnam. That is why Vietnamese planners are in a deep dilemma today.
They like to cut their dependency on China but it is not a choice.
They have even try to look at India but are not optimistic about the all talk only Indian prospect. Why don't they promote their Vinfast cars there?
Protectionism of course.
 

Baz2020

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Please use your brain. China is rapidly expa ding its influence via belt and road initiative. They are setting up industries abroad and what not. This will create opportunities for people in China.
 

Protest_again

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If they choose to study abroad they should try to find a job abroad, not to add pressure to the domestic work market.
Thank the CCP. They are making it hard for these people to stay abroad.

“I tried to work in the United States for a couple of years, but the pandemic and poor Sino-US relations have made it almost impossible for Chinese graduates to find a job there this year.
 

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