200,000 Chinese Students Predicted to Study Overseas in 2008

The number of Chinese students heading overseas to study is estimated to reach a new record of 200,000 this year, state media reports. Citing official sources, China Daily says that this figure is set to significantly outpace the “average of 130,000 Chinese who have been going abroad for studies every year over the past few years.”
The growing demand for overseas study reflects the increasingly gloomy job situation for graduates in China. While the country is expecting to produce 5.5 million college graduates this year (up from five million in 2007), one-fifth of 2007 college graduates had failed to find a job by the end of the year, according to the Ministry of Education (MOE).…………. "The grim job situation at home, a strong and rising yuan and a favourable visa and scholarship environment will together prompt more students to study abroad.”
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