Why foreign degrees have lost their luster for Chinese graduates

With 11.6m graduating at home amid slowing growth, odds are stacked for overseas grads

More than 1.2 million Chinese studying overseas are expected to return home this year, and they will have to compete for jobs with a record 11.6 million new domestic college graduates. © Reuters

LIU LINGYUN and FAN QIAOJIA and WANG XINTONG, Caixin

November 16, 2023 09:48 JST

In April, Gan Ziping returned to China after earning a degree in business administration from Meiji University in Japan. He told Caixin in October that he had yet to find a job even though he had sent out hundreds of copies of his resume.

"I don't even have an interview now," Gan told Caixin. Many of his peers were also unemployed, he said.