Asia Times: China: From steel mills to diploma mills
Life is no walk in the park for many students in China, especially if they flunk entrance exams for the most prestigious universities. For those without connections, a degree from a top university is their only hope in a job market saturated with degree-holders.
Government statisticians reckon this year will see 4.1 million university graduates chasing 1.4 million jobs requiring a tertiary education. That is why scientists and engineers can be had for a song in China, one factor foreign investors find attractive.
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