BUSINESS Internet, e-commerce industries most appealing to Chinese graduates

BUSINESS

Internet, e-commerce industries most appealing to Chinese graduates

Xinhua

08:56, June 03, 2019

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File photo: VCG

BEIJING, June 2 (Xinhua)-- The internet and e-commerce sectors continue to be the major draw for job-hunting graduates in 2019, according to a newly published employment report.

College and university graduates are facing adequate job opportunities, said the report released Wednesday by Zhaopin.com, China's job recruitment platform, citing a labor market index.

The China Institute for Employment Research (CIER) index, a measure of the degree of supply-demand tension in the labor market, went down to 1.41 from 1.54 in 2018. This means each graduate, though facing growing competition, has 1.41 employment opportunity, according to the report.

"Job-seeking graduates are still making positive progress," said the report, which surveyed a total of 88,150 graduates, citing diverse tendencies of the job seekers.

Graduates are more open-minded toward their first job. Only 39.48 percent of the graduates have sent their resumes to over 10 companies, down 29.58 percent from last year. Some 45.24 percent of the graduates are willing to accept offers from startups, the report said.

Another 8 percent of the graduates will delay their employment, choosing a gap year for research and thinking for their future. The number was up 1.01 percent from a year ago.

While the new generation of graduates value the chance to gain new abilities and earn a high salary, "new first-tier cities" like Hangzhou and Chengdu, have become favorable destinations with lower living costs and growth potential. Some 44.18 percent of graduates chose to stay in these cities, rising 1.1 percent from last year, said the report.

The number of college and university graduates in 2019 is expected to expand to 8.34 million from 8.2 million last year, according to the Ministry of Education.

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