{"id":14124,"date":"2011-12-01T11:20:32","date_gmt":"2011-12-01T16:20:32","guid":{"rendered":"http:\/\/ok-cleek.com\/blogs\/?p=14124"},"modified":"2011-12-01T11:20:32","modified_gmt":"2011-12-01T16:20:32","slug":"now-thats-a-managed-economy","status":"publish","type":"post","link":"https:\/\/ok-cleek.com\/blogs\/?p=14124","title":{"rendered":"Now That's A Managed Economy!"},"content":{"rendered":"<blockquote><p><a href='http:\/\/blogs.wsj.com\/chinarealtime\/2011\/11\/23\/china-to-cancel-college-majors-that-dont-pay\/'>China\u2019s Ministry of Education<\/a> announced this week plans to phase out majors producing unemployable graduates, according to state-run media Xinhua. The government will soon start evaluating college majors by their employment rates, downsizing or cutting those studies in which the employment rate for graduates falls below 60% for two consecutive years.<\/p>\n<p>The move is meant to solve a problem that has surfaced as the number of China\u2019s university educated have jumped to 8,930 people per every 100,000 in the year 2010, up nearly 150% from 2000, according to China\u2019s 2010 Census. The surge of collge grads, while an accomplishment for the country, has contributed to an overflow of workers whose skill-sets don\u2019t match with the needs of the export-led, manufacturing-based economy.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s Ministry of Education announced this week plans to phase out majors producing unemployable graduates, according to state-run media Xinhua. The government will soon start evaluating college majors by their employment rates, downsizing or cutting those studies in which the employment rate for graduates falls below 60% for two consecutive years. The move is meant [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14124","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/14124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14124"}],"version-history":[{"count":0,"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/14124\/revisions"}],"wp:attachment":[{"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ok-cleek.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}