After40yearsofreformandopeningup,Chinahasbecometheworld鈥檚secondlargesteconomy.However,Chinastillhasmanysocialproblems,whichinturnmakeitacountryfullofchallengesbut,ontheotherhand,alandofnumerousbusinessopportunities.
Difficultyineducationandemployment
Duetoitslargepopulationusingavailableresources,Chinafacesmanyproblems,prominentinitseducationandemploymentsectors.
Asforthosewhowishtopursuetheeducationsector,Chinaisacountrywithhugepotential.Ithasalargepopulationwithahugemarketdemand,whiletheexistingeducationalfacilitiescannotsatisfythefastgrowingdemand,particularlyinpre-schooleducationenrollment.
Challengeswithenrollmenthavebecomeamajorsetback.TakeXi鈥檃ninnorthwestChina鈥檚ShaanxiProvinceasanexample.Inordertogettheirchildrenregisteredatakindergarten,manyparentshavetoqueueupinfrontofthekindergartenat3:00a.m.ThesituationisthesameinShenzheninsouthChina鈥檚GuangdongProvince.Parentswaitinthelinefortwodaysinordertosecureenrolmentinapre-schoolclassatShenzhenNanshanBilingualSchool.
Forthosewhodon鈥檛havetimetowaitintheline,hiringotherstostandinisanoption.Apartfromtheavailablelocaleducation,theinternationalmarketforteenagerstostudyabroadalsohashugepotential.
SinceChinastarteditsreformandopeningupinlate1978,over5.19millionChinesepeoplehavestudiedabroad,accordingtofiguresfromChina鈥檚MinistryofEducation.TheUnitedStates,AustraliaandtheUnitedKingdomarethemostpopulardestinations.SomereputableBritishuniversitieshavetargetedtheChinesemarketandhavesetupcampusesinChinaalongsidecross-bordereducationalpartnershipswithChineseuniversitiessothatChinesestudentscanattainBritishdegreesinChina.
Themodelof鈥渟tudyingabroadinChina鈥漣sattractivetothosewhocannotaffordtostudyinforeigncountries.SinceChinastarteditsreformandopeningup,thecountryhaschangedfromaplannedeconomytoamarketeconomy.
Suchachangemakestheflowoftalentedindividualsanormalphenomenon.Inthepast,collegegraduateswereassignedjobsarrangedbythestate.Afteracollegegraduatewasassignedajob,theywouldbepermanentlyemployedthereuntilretirementageinmostcases.
Beginninginthe1990s,therewasashift;collegegraduateswerenolongerassignedjobs.Employersstartedsearchingfortalentedindividualsinthejobmarketandcollegegraduatesbeganlookingforjobsbymeansofindividualapplication.
Ascollegesanduniversitiesincreasedenrollment,thenumberofcollegegraduatesroseovertheyears,withcollegegraduatesnowfindingitdifficulttofindgoodjobs.
Theratioofapplicantstoavailableemploymentisveryhigh;insomeextremecases,around1,000applicantscompeteforonejob.Peopledescribesuchasituationas鈥渁fullcorridorofdoctors,afullauditoriumofmastersandafullplaygroundofbachelors.鈥漈heferociouscompetitioninthejobmarketisdescribedas鈥渉ordesoftroopsandhorsescrossingasingle-logbridge.CA