Communist China employment opportunities, kinds of jobs, and income levels

Employment is key to the growth and development of any economy. Due to its important, different governments have different policies and procedures that guide and govern employment; communist China is not an exceptional. According to Li and Zhang, before the higher education reforms that occurred in late 1990s, all student graduating from colleges in China were guaranteed jobs by the government through centralized placement system (38). Therefore, Chinese nationals did not have a problem when it came to securing an employment opportunity, as it was the duty and responsibilities of the government to provide jobs for the graduates. However, after the reforms, a world’s largest graduate job-market was created. Large numbers of graduates were unemployed under the past decades and the reforms attracted public debate on the terms and conditions on how the graduates were to gain access to an employment opportunity (Li and Zhang 38).