Archive for ‘graduate’

24/06/2014

A Neglected Problem in China’s Education System – China Real Time Report – WSJ

China’s top two leaders recently presided over a rare discussion on vocational education where they pushed for major changes to the country’s retrograde technical schools.

Political leaders everywhere are known to pay lip service to the need for improvements in education, but concern over China’s vocational schools is likely more than that just political bluster. That’s because the quality of the country’s lower-level technical schools could have a major impact on the country’s future economic growth.

As China looks to climb into the ranks of developed nations, one of its main goals is to evolve beyond serving as the world’s factory floor. One barrier to achieving that goal, analysts and education officials say, is the country’s lack of highly-skilled workers.

Premier Li Keqiang emphasized that point at Monday’s meeting, saying a “massive skilled labor force” was needed to upgrade the “made in China” label, “from ‘adequate’ to  ‘high-quality’ and ‘premium’” (in Chinese).

Mr. Li was talking at an unusual national-level work conference on vocational education – only the 3rd such conference to be held in China since 1978. China’s President Xi Jinping gave the opening remarks, according to the state-run Xinhua news agency, signifying the level of importance China’s leadership places on the topic.

The attention is warranted: China’s vocational programs — which teach practical skills ranging from carpentry to forestry and encompass more than 29 million students, according to Xinhua — have been badly neglected when compared with the country’s rapidly multiplying universities. Often criticized for being poorly equipped, they are also poorly managed and have trouble finding qualified teachers, experts say.

“In the vast majority of vocational education schools in China, kids are not learning anything, especially in rural areas,” said Scott Rozelle, director of Stanford University’s Rural Education Action Program, which studies China’s vocational schools. “In studies in central and northwest China, we found dropout rates of 50% in the first two years of these programs.”

Mr. Rozelle said that China’s vocational schools are the only segment of China’s educational system that lacks an evaluation system, so it is difficult to tell which schools are good and which subpar.

China is currently home to 13,600 vocation schools and colleges, which provide a large chunk of the country’s workers in labor-intensive industries. According to government estimates, they are expected to attract more than 38 million students by 2020.

The government is now pushing a number of changes to the vocational school system, including requiring local government to allocate a standard budget for vocational schools as they do for regular colleges, according to Xinhua. Private investors and non-governmental organizations are also encouraged to sponsor vocational schools, and private vocational schools will enjoy preferential loans from banks.

The state-run China Daily newspaper called the government’s recent attention to vocational schools “unprecedented”. But the devil is in the details. It won’t be clear until later how much money local governments will actually budget to upgrading the vocational school system and what kind of incentives there will be to improve.

via A Neglected Problem in China’s Education System – China Real Time Report – WSJ.

11/04/2014

All you need to know about business in China | McKinsey & Company

A lot of people view China business as mysterious. Relax. Consumers behave pretty much the same everywhere. Competition is pretty much the same everywhere. You just need to ignore the hype and focus on the basic fact that in China today, there are six big trends (exhibit). That’s it. Six trends shape most of the country’s industries and drive much of China’s impact on the Western world. They are like tectonic plates moving underneath the surface. If you can understand them, the chaotic flurry of activity on the surface becomes a lot more understandable—and even predictable.

Coauthors Jeffrey Towson and Jonathan Woetzel discuss China’s six megatrends with Nick Leung, the managing partner of McKinsey’s Greater China office.

These trends move businesses on a daily basis. They’re revenue or cost drivers that show up in income statements. Deals, newspaper headlines, political statements, and the rising and falling wealth of companies are mostly manifestations of these six trends, which aren’t typically studied by economists and political analysts. In fact, we happen to think that Chinese politics or political economics are wildly overemphasized by some Westerners in China. So let’s tell a story about each of these megatrends, with some important caveats. They’re not necessarily good things. They’re not necessarily sustainable. For every one of them, we can argue a bull and a bear case. Most lead to profits or at least revenue. Some may be stable. Some lead to bubbles that may or may not collapse. We are only arguing that they are big, they are driving economic activity on a very large scale, and understanding them is critical to understanding China and where it’s headed.

via All you need to know about business in China | McKinsey & Company.

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10/07/2013

Returning students: Plight of the sea turtles

The Economist: ““I LEFT in 1980 with only three dollars in my pocket,” recalls Li Sanqi. He was one of the first allowed to study overseas after the dark days of the Cultural Revolution. Like most in that elite group, he excelled, rising to a coveted position at the University of Texas, while launching several technology firms. Now he is a senior executive at Huawei, a Chinese telecoms giant, enticed back by the chance to help build a world-class multinational.

Mr Li seems the perfect example of a sea turtle, or hai gui (in Mandarin, the phrase “return across the sea” sounds similar to that animal’s name), long applauded in China for bringing back advanced skills. In the past such folk reliably reaped handsome premiums in the local job market, but no longer. Sea turtles are not universally praised, the wage differential is shrinking and some are even unable to find jobs. Wags say they should now be called hai dai, or seaweed. This is a startling turn, given their past contributions.

Wang Huiyao of the China Western Returned Scholars Association, which celebrates its centenary this year, observes that sea turtles have returned in five waves. The first, in the 19th century, produced China’s first railway-builder and its first university president. The second and third, before 1949, produced many leaders of the Nationalist and Communist parties. The fourth wave, which went to the Soviet bloc in the 1950s, produced such leaders as Jiang Zemin and Li Peng.

The present wave began in 1978, and is by far the biggest. Since then, about 2.6m Chinese have gone abroad to study. The exodus has grown of late to about 400,000 per year. The majority stay overseas, but the 1.1m who have come back have made a difference. Mr Wang argues that whereas the first three waves revolutionised China and the fourth modernised it, the fifth wave is globalising the country.

Sea turtles are helping to link China’s economy to the world. They founded leading technology firms such as Baidu. Many are senior managers in the local divisions of multinational firms. They are helping to connect China to commercial, political and popular culture abroad.

Why then is their importance declining? Several studies show that sea turtles on average must now wait longer to find a less senior post at a smaller salary premium over local hires. The weakening job market for all graduates is one reason. Another is that, as China’s domestic market has taken off, industries such as e-commerce have evolved in ways unfamiliar to those who spent years abroad. Gary Rieschel of Qiming Ventures, a venture-capital firm, says that investors who a decade ago would have funded only those returning from Silicon Valley are now backing entrepreneurs from local universities, who are more familiar with local consumption patterns, computer-gaming habits and social media such as Weibo and Weixin.

As China has boomed, its managers have started to shed their inferiority complex. A senior executive at Tencent, a Chinese social-media giant, says he still poaches sea turtles from foreign firms, but finds they have difficulty managing local engineers. A European investment banker says turtles often cling to quaint Western notions like transparency, meritocracy and ethics, which puts them at a disadvantage in China’s hyper-Darwinian economy, where locals are more willing to do whatever the boss or client wants.

Even foreign firms in China are getting pickier about whom they hire. Yannig Gourmelon of Roland Berger, a German management consultancy, believes the broader profit squeeze at multinational firms that killed off gilded expatriate packages has also sharply reduced the salary premium offered to sea turtles.”

via Returning students: Plight of the sea turtles | The Economist.

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09/06/2013

China Talent Outflow Highest in the World, People’s Daily Says

Bloomberg: “China is losing top-notch talent at the highest rate in the world as students who seek degrees abroad opt to remain overseas, the official People’s Daily newspaper reported today.

China University Students

An average of 87 percent of students in science and engineering stay overseas, the newspaper said, citing an official from a government working group on talent whom it didn’t identify. China needs to compete better for human talent, the report cited the official as saying.

Young Chinese have flocked to overseas schools in search of degrees. The country’s policy of limiting many couples to one child and its growing wealth mean middle-class families can afford U.S. tuition that far exceeds the costs of Chinese universities.

Chinese citizens now account for the largest proportion of foreign students at U.S. universities, the Institute of International Education said in a November report. Chinese enrollments at U.S. universities in the 2011-2012 academic year increased by 23 percent, it said.

The country lacks high-level innovative and entrepreneurial talent, the People’s Daily cited the official as saying. Investment is not sufficient and institutional obstacles have not been eliminated, it said.”

via China Talent Outflow Highest in the World, People’s Daily Says – Bloomberg.

01/06/2013

China’s Lopsided Labor Force

BusinessWeek: “While a dwindling number of migrant laborers is helping drive up salaries in China’s assembly-line industries and other low-skilled employment categories, a surplus of college graduates for available white-collar jobs is eroding the bargaining power of those with university degrees.

Students preparing for the college entrance exam in China's Sichuan province

Wages have been steadily rising for China’s 260 million migrant workers—who take jobs in factories, on construction sites, in restaurants, and in other sectors with minimal entry requirements. According to the government-led All-China Federation of Trade Unions, the average monthly earnings of migrant workers across China rose 11 percent from 2011 to 2012, to 2,290 renminbi ($370). That exceeds the rate of China’s GDP growth.

Meanwhile, as central-government investment has allowed China to increase university enrollment and graduation rates massively, the demand for college graduates has not kept up. The number of university degrees awarded annually has risen fourfold in a decade, to about 8 million today.

Among those new graduates who did find employment last year, 69 percent had starting salaries that paid less than 2,000 renminbi per month—in other words, their jobs paid them less than they might have earned as migrant laborers, according to figures reported by a the 21st Century Business Herald newspaper on Tuesday.

Those grim numbers won’t, however, dent the hopes of millions of high-school seniors who will be taking China’s three-day college entrance exam the first week in June. The exam, called gaokao, is widely criticized for stressing rote-memorization skills over critical thinking. Critics have called for reforming the test for years, but for now, it’s still a key hurdle—the first of many—for students aspiring to steady jobs and a middle-class life.”

via China’s Lopsided Labor Force – Businessweek.

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29/05/2013

When blue becomes the new white

FT: “My maid and her husband, a driver, have scrimped and saved and crammed themselves into a tiny flat in Shanghai for decades with one goal in mind: to give their only son a crack at the “Chinese dream”.

Newly graduated Chinese students gather for a convocation ceremony at the University of Science and Technology in Hefei in east China's Anhui province

Now those decades of deprivation have reached their climax as the cherished child of these hard-working people graduates from university and takes his first job: as a construction worker. And he counts himself lucky to have a job.

Small wonder that Xi Jinping, the Chinese leader, has recently been out gladhanding graduates who are facing one of the toughest job markets since the Communist party stopped giving them careers by fiat. For, like obesity and diabetes, a glut of unemployed graduates seems to be one of the unintended side-effects of economic development in China.

Sound familiar? Many readers of the Financial Times will know what it is like to have an unemployed graduate in the family – or to have been one themselves. Maybe job shortages are just part of the human condition, one that now affects the Chinese like the rest of humanity. (When I graduated from university in 1980, media jobs were so thin on the ground that I ended up teaching at a university in Ghana that had no books, few lights and little running water – landing a job without a flushing toilet was presumably not part of my parents’ university plan for me.)

Mr Xi pointed out on his jobs-fair visit that – like all the other flaws of capitalism – the scourge of graduate unemployment these days is global. But it would be hard to find people who have suffered more to take their place among the ranks of the white-collar unemployed than the Chinese.

This week alone, millions of students across the country will be skipping sleep, baths and online war games to study, while millions of parents take up to a year off work to cook, clean and nag them round the clock. Millions will pass next week’s dreaded college entrance exam (or gaokao) – only to end up unemployed or wearing a hard hat.

Increasing numbers are wondering if it’s all worth it, and are coming up with alternatives that range from the tragic to the downright postmodern. A Chinese newspaper reported this month that a fed-up teenager in central China hired a hit man to kill his father and older sister because – he said – they put too much pressure on him to study. And after this year’s three-day May Day public holiday, a 15-year-old boy in eastern China jumped to his death because he did not finish his holiday homework. Another teen in the same town rose at 4am to finish homework but was found hanging from the staircase before he got to school.

The overwork doesn’t stop with gaokao: just this month Chinese newspapers reported that two twenty-somethings in southern China dropped dead after taking on too much overtime – and such stories are not uncommon. Xinhua, the state news agency, said this week that 40 college graduates were found sharing one 130-square-metre room in Beijing while looking for jobs – living like the construction workers that they may be lucky to become.

So more and more students are opting instead for that most un-Chinese of solutions: time off the treadmill – or what the rest of the world knows as a “gap year”. Li Shangcong, a top student at his high school and vice-president of the student union, decided to skip gaokao altogether and cycle to the Cannes Film Festival – via Siberia. He never made it to France, having been deported by Russian immigration for an expired visa.

When his parents spluttered about the need to make something of himself, he said what teenagers around the world have been known to say in such circumstances: that he is attending the university of life and they should get off his back. He is currently on another trip to Russia.

Shi Zheying at least had her father onside: she skipped the high school entrance exam to “travel 10,000 miles rather than read 10,000 books first” – with her dad. The phrase immediately became popular among China’s “netizens”. Her grandparents, themselves teachers, were force-tutoring her at night, refusing to accept examination results that placed her as low as 16th in her class. After she decided to quit school, she was placed fifth.

China is not the land of “turn on, tune in, drop out” quite yet. But it’s a far cry from a world where terminal overwork is the only option.”

via When blue becomes the new white – FT.com.

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