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

CHN Bamboo

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Economy / China Economy
China’s overseas graduates return in record numbers into already crowded domestic job market
  • The number of overseas-trained talent known as ‘haigui’, or sea turtles, have been returning to work in China in increasing numbers over the last few years
  • This year, around 65 per cent studied in the US, Britain or Australia, with 60 per cent holding at least a master’s degree, but are being forced to return to China

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

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 graduates from 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 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."
Luke Lu



“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 rate in 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.


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CHN Bamboo

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China makes employment efforts for college graduates
Source: Xinhua Published: 2020/9/29 11:23:17

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Job seekers talk with employers at a job fair in east China's Shanghai, June 10, 2020. Photo: Xinhua

Chinese authorities have made all-out efforts to help this year's 8.74 million college graduates secure jobs, an education official said on Monday.

To mitigate the adverse impacts brought by the COVID-19 epidemic, the Ministry of Education, working with over 20 departments, has launched nearly 40 preferential measures to facilitate employment, said Wang Hui, an official with the ministry.

These measures include expanding employment in urban and rural communities and grassroots medical institutions, and increasing the proportion of university graduates in military recruitment, Wang said.

He noted that governments have worked with relevant departments, public institutions, and state-owned enterprises (SOEs) to create more jobs this year, providing work to over 2.8 million graduates as of Sept. 1, an increase of more than 700,000 over the same period last year.

More than 200,000 online job fairs have been held for new graduates since March, about 20 times the offline format, helping China ride out an unprecedented employment challenge amid COVID-19 headwinds.

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Photo taken on June 1, 2020 shows a job fair held at Jianghan University in Wuhan, central China's Hubei Province.
Photo: Xinhua


The "24365" campus service, a flagship online recruitment platform, has provided 15.22 million pieces of job information and recorded 37.36 million resume uploads, with 6.69 million new graduates registering on the site since its launch in February, said Wang.

Meanwhile, employment-related instructions have moved online, and more than 80,000 college counselors and instructors, with the first-line experience in job hunting, are on standby to help polish resumes of students or impart interview skills, Wang noted.

Efforts are being made to help graduates from universities in Hubei as well as graduates hailing from the province, the official said.

This year, a total of 449,000 students graduated from colleges in Hubei, and 371,000 new graduates nationwide are from Hubei originally, Wang said.

These students will get preference in recruitment policies and will be offered quotas in recruitments for some community-level service programs as well as in the military, government, public institutions and SOEs, Wang said.

Also, 124 universities across China have paired with the ones in Hubei to share job information and offer employment counseling. The arrangement has already helped 13,000 graduates find jobs, the official said, adding that the ministry also organized special online job fairs for graduates of Hubei universities.

According to Wang, universities have been asked to put emphasis on assisting Hubei students in job hunting and offer them tailored guidance.

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dbc

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I assume only the dunces study abroad so no great loss for China in the grand scheme of things.
 

Mista

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