China phases out unproductive majors
China's not interested:
'Much like the U.S., China is aiming to address a problematic demographic that has recently emerged: a generation of jobless graduates. Chinaâ??s solution to that problem, however, has some in the country scratching their heads.Chinaâ??s Ministry of Education announced this week plans to phase out majors producing unemployable graduates, according to state-run media Xinhua. The government will soon start evaluating college majors by their employment rates, downsizing or cutting those studies in which the employment rate for graduates falls below 60% for two consecutive years.
The move is meant to solve a problem that has surfaced as the number of Chinaâ??s university educated have jumped to 8,930 people per every 100,000 in the year 2010, up nearly 150% from 2000, according to Chinaâ??s 2010 Census. The surge of collge grads, while an accomplishment for the country, has contributed to an overflow of workers whose skill-sets donâ??t match with the needs of the export-led, manufacturing-based economy.
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