The China Job Market attracts some European Grads for Employment
European markets have surged ahead to two-month highs after strong manufacturing data from China. The country's economy is growing at 9 percent per year, and though that's predicted to slow slightly in 2012, its continued success will be in marked contrast to Europe. Many European economies are forecast to return to recession this year. Perhaps it's not surprising, then, that an increasing number of graduates from European universities are applying for internships in Chinese companies.
One in five 16 - 25-year-olds in the UK can’t find a job. In Spain, the figure is two in five. But Alexander has a plan to get ahead of the competition. In a few days time he’s heading to China for several weeks to work in a firm there.
They have seen the number of European graduates apply for their Chinese internship programs double every year since 2008. And the graduates that do go, even if just for a month, don’t always come back.
“A lot of them come on to our program with the idea of staying out in China after the internship.. A lot of them use this as a stepping stone to break into the Chinese market; 30 percent of them get offered full time jobs after their internships,”
The U.S. investment bank Goldman Sachs thinks China’s stellar growth rates will stay almost unscathed this year. It’s widely forecast that many economies in Europe will go back into recession in 2012. As a fifth year of economic stagnation beckons, thousands more graduates are sure to jet off to find a better offer around the globe.
European markets have surged ahead to two-month highs after strong manufacturing data from China. The country's economy is growing at 9 percent per year, and though that's predicted to slow slightly in 2012, its continued success will be in marked contrast to Europe. Many European economies are forecast to return to recession this year. Perhaps it's not surprising, then, that an increasing number of graduates from European universities are applying for internships in Chinese companies.
One in five 16 - 25-year-olds in the UK can’t find a job. In Spain, the figure is two in five. But Alexander has a plan to get ahead of the competition. In a few days time he’s heading to China for several weeks to work in a firm there.
They have seen the number of European graduates apply for their Chinese internship programs double every year since 2008. And the graduates that do go, even if just for a month, don’t always come back.
“A lot of them come on to our program with the idea of staying out in China after the internship.. A lot of them use this as a stepping stone to break into the Chinese market; 30 percent of them get offered full time jobs after their internships,”
The U.S. investment bank Goldman Sachs thinks China’s stellar growth rates will stay almost unscathed this year. It’s widely forecast that many economies in Europe will go back into recession in 2012. As a fifth year of economic stagnation beckons, thousands more graduates are sure to jet off to find a better offer around the globe.
Sources:
voanews
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