China is going the way of America and Japan: increased competition, fewer jobs for University graduates and declining wages for specialized skills. The Chinese Baby Boomers are headed for the workforce, but are less likely to be writing code than asking: “Would you like fries with that?”
More than half of college graduates polled in China felt that they had not learned anything practical. A third of them saw college as a waste of time and over a third reported that college had not been worth the money invested. [Full Text]