The global economic downturn dampened employment prospects for China's Class of 2009. Approximately one-million university graduates are still out of work. CCTV reporter takes us to campus to check out the employment situation for this year.
Two-thirds of China's major universities have witnessed a surge in graduate recruitment. After a one-year disappearance, leading companies in the finance, real estate, and I/T sectors are appearing on campus again.
Top schools have a better situation. Firms are recruiting earlier than before, and need more potential employees.
It's estimated that there will be more than 6.3 million university graduates in 2010. This number is up by about 20 percent. There are also one-million unemployed Class of 2009 members. Although more companies are beginning to recruit this year, the job situation is not that optimistic. Experts remind students to be fully aware of the situation.
Shi Lei, Party Committee Secretary of Fudan University School of Economics said "Now it's too early to say the economy has fully recovered. If people get sick, it takes some time to recover. The same goes for the economy. It takes some time to gradually pick up."
Analysts point out that the financial meltdown has made competition more fierce among firms, especially in the search for quality personnel. Therefore, many companies have cut employment quotas this year while paying more importance to each applicant's qualifications.
Xu Xiaowu, HR Department of China National Offshore Oil Corp. said "We will recruit almost the same number of graduates as last year, but we need more post-graduates, and higher-quality graduates."