TutorChineseForeign investors are now facing better-than-ever opportunities on the Chinese labor market. Because more talents are seeking job, employers can choose the ideal candidates according to their needs. And the increasing competition renders salary bases lower, which also benefits companies as well as hiring agencies.
Only 68 percent of college graduates in China this year had landed a job by July 1, a hard-won achievement against the background of the global financial crisis.
Among 6.11 million college graduates this year, 4.15 million have got a job.
Given the downturn of the business circle, China is doing well by placing enough employees to revive its economy.
Last year 4.05 million out of 5.59 million college graduates, or 73 percent, found a job. It is not easy to achieve the 68 percent of graduate employment, considering a shrinking job market under the financial crisis and an increasing number of graduates.
The Chinese government had given priority to graduate employment since the end of last year, issuing plans such as offering training courses and preferential loans for start-ups.
It is the hope of the Chinese government that more graduates will find employment as the summer session ends towards the end of August.
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