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To sustain economic growth and social security China needs to increase the investmentin its human capital by revamping the nation's education and employmentsystems. Further impetus in this direction came from China's accession tothe WTO in 2002 requiring a response to global market forces that also permeated thedomestic labor market characterized by a vast pool of human resources, fiercecompetition, and an imbalance between labor supply and demand. Increased globalcompetition equally affects the Chinese higher education sector, graduates'employment prospects, and the transition from higher education to employment.Embedded in an overview of the present status of China's human capital, acase study of Jiujiang Financial and Economic College in Jiangxi serves as anexample from a less developed and researched region, highlighting challenges andconcerns for graduates in the crucial transition from higher education toemployment. It is argued that students in China inevitably and rapidly need toredefine and adjust their perception, expectation, and approach towards futureemployment. Taking direct responsibility and initiative for their education toensure their employability has become imperative for China's new generationof manpower entering one of the world's toughest labor markets.
China Information: A Journal on Contemporary China Studies – SAGE
Published: Jul 1, 2006
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