In 1978, the Chinese government made a decision to change direction. Rather than continue the stagnating communist policies that mired the country in Third World poverty, it started to liberalize its economy. The gamble paid off, and today, China has the world’s second-largest economy, with a large trade surplus and near-double-digit annual growth rates.
The Chinese government just made another move that also should improve the nation’s economy – this time to streamline its higher-education system. China’s state-run universities have been churning out graduates so quickly that many can’t find good jobs, even in a booming economy.
In response, China will “soon start evaluating college majors by their employment rates, downsizing or cutting degree programs in which the employment rate for graduates falls below 60 percent for two consecutive years,” the Wall Street Journal reported recently.… Seguir leyendo »