It is well-known that engineering is a key profession for both economic and social development. This is as true for China as it is for other countries which are in the process of development. However, what are the economic incentives for young people to enter the profession today? Currently, there are many studies of the rate of return to…

As in developed countries, China's service sector has become the main job creator, the country's labor force is better educated, and the average age of the employed is rising. Driving those phenomena are a fast-paced employment restructuring and a growing private enterprise at the expense of state and collective ownership. (Author)

Lifelong learning and skill flexibility are especially important for workers in China, where structural economic adjustment has generated 22 million layoffs from state-owned enterprises since 1997. Skills that were in huge demand in previous years, such as accounting, international trade, and language translation, are now facing serious oversupply…