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First-tier Cities Have Less Appeal to Graduates
Published on: 2015-07-16
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altFirst-tier cities appear to have become less glamorous for university graduates facing pressure to find jobs this year.
 
A record number of students graduated from college amid China's economic slowdown, making the job-hunting season one of the toughest in history.
 
College graduates reached a record high of 7.49 million, up 220,000 compared with 2014, according to the Ministry of Human Resources and Social Security.
 
In Shanghai, local educational authorities said more than 20 percent of non-Shanghai graduates are expected to leave for employment.
 
Li Xiao, a graduate from Beijing-based Capital Normal University told China News Service that staying in Beijing means huge life pressures.
 
Only two of her nine non-Beijing classmates managed to find jobs with hukou, Li said and she decided to return to her hometown of Zhengzhou in Central Henan province.
 
Soaring housing prices are another major factor behind the student exodus.
 
The average housing price in Beijing reached 29,222 CNY per square meter in the first half of this year.
 
In contrast, the expected monthly salary of college graduates is 5,510 CNY, up 1,830 CNY from last year, according to the survey.
 
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