CCG publishes report on employment and entrepreneurship of returned overseas students
By Ma Xinyue |
Updated: 2018-09-03 11:44
On Aug 9 the Center for China and Globalization (CCG) and a recruitment agency Zhaopin jointly released the Report on Employment & Entrepreneurship of Chinese Returnees 2018.
The report focuses on the changes and problems faced by the post-80s and post-90s students after studying abroad, as well as their views on returning home countries.
The number of students studying abroad increased significantly after 2010; more than half of them were undergraduates before going abroad, followed by senior high school and graduate students, accounting for 30 percent and 12 percent respectively. Compared with statistics in 2017, the proportion of high school students studying abroad in 2018 increased by 9 percent.
In addition, safety concerns were a major issue and 80 percent believed that it was critical that they should be aware of the law and fully understand and abide by the local laws.
“Reunion with family and friends" continues to be main reason for returning China. Beijing, Shanghai and Guangdong are the top three destinations.
In terms of career development, most returned students had internships and work experience abroad, and 16 percent had entrepreneurial experience abroad. In domestic job market, they have obvious advantages and disadvantages. "Strong language and cross-cultural communication ability" is the biggest advantage, while "lack of understanding of the domestic employment situation and enterprise demand” is the major disadvantage.
The data shows that almost half of returned students started their own businesses in 2017, mainly in sectors software and information technology services, wholesale, retail and education. For most of them, the capital came from personal deposits.
The main difficulty that returned students encountered in starting a business was the high operating costs. Professional support such as market development, entrepreneurial space support and financial services is the most needed in the process of overseas returnees' entrepreneurship, and the current role of entrepreneurial services is still limited.
On Aug 9 the Center for China and Globalization (CCG) and a recruitment agency Zhaopin jointly released the Report on Employment & Entrepreneurship of Chinese Returnees 2018.
The report focuses on the changes and problems faced by the post-80s and post-90s students after studying abroad, as well as their views on returning home countries.
The number of students studying abroad increased significantly after 2010; more than half of them were undergraduates before going abroad, followed by senior high school and graduate students, accounting for 30 percent and 12 percent respectively. Compared with statistics in 2017, the proportion of high school students studying abroad in 2018 increased by 9 percent.
In addition, safety concerns were a major issue and 80 percent believed that it was critical that they should be aware of the law and fully understand and abide by the local laws.
“Reunion with family and friends" continues to be main reason for returning China. Beijing, Shanghai and Guangdong are the top three destinations.
In terms of career development, most returned students had internships and work experience abroad, and 16 percent had entrepreneurial experience abroad. In domestic job market, they have obvious advantages and disadvantages. "Strong language and cross-cultural communication ability" is the biggest advantage, while "lack of understanding of the domestic employment situation and enterprise demand” is the major disadvantage.
The data shows that almost half of returned students started their own businesses in 2017, mainly in sectors software and information technology services, wholesale, retail and education. For most of them, the capital came from personal deposits.
The main difficulty that returned students encountered in starting a business was the high operating costs. Professional support such as market development, entrepreneurial space support and financial services is the most needed in the process of overseas returnees' entrepreneurship, and the current role of entrepreneurial services is still limited.
