The $250 Billion Dollar Question: Can China Close the Skills Gap?
Editor's Comments: This report was originally published by Mckinsey in 2013 but the issues and insights are still relevant.
In China companies are failing to find the high-skilled workers they need, while individuals find themselves ill-prepared for the jobs that are available. In a larger sense, however, these stories speak to a different, bigger question: what kind of country will China be? There is one certainty. As China evolves from an investment-led economy to a consumption oriented one, from being the workshop of the world to, perhaps, being a services powerhouse, it will need more high-skilled workers, in particular post-secondary vocational graduates. Read the whole paper.