In China, a State Job Still Brings Benefits And Bragging Rights – Maureen Fan

From the Washington Post,

Tian Bing received his master’s degree last month, which instantly made the law and computer science graduate a hot prospect in China’s booming economy. Yet he has already rejected job offers from an aerospace company, a bank and the computer division of a prestigious foreign company…

China may be rushing headlong into capitalism, with unfettered private development and a runaway stock market, but many people here are still chasing after state jobs…

Leaders began dismantling the mostly bankrupt state-owned factory system beginning in the 1990s. The number of state workers dropped from 110 million in 1995 to 62 million two years ago. Today, private companies account for more than half of China’s gross domestic product.
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