Bill Dodson wrote:
I recently overheard in an elevator in Suzhou a conversation between bank managers. The bank has a branch in the lobby of the office building and a couple of floors in the building for management and administration. Business for the bank was going quite well. They posted 50 open positions for fresh university graduates to fill. One of the managers commented on how shocked he was that 5,000 graduates had applied for the positions.
The conversation put me in mind of an Economist article in November 2012 about young people in China sitting for civil service examinations”
On November 25th the national civil-service examinations will take place, and about 1.4m people will sit them, 20 times more than a decade ago. Of that number, only 20,800 will be hired by government (millions more sit the equivalent provincial exams with similarly long odds of being hired).”
If one aspect of innovation is supposed to be the risk-taking tendencies, China’s young people have a long ways to go.
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