Part 7/12:
Experts point towards a key contributing factor to this dilemma: the unchecked proliferation of doctoral programs since the late 1980s. The number of admitted PhD students has surged to unprecedented levels, far outpacing the growth of job opportunities in a changing economy. Consequently, while China has become a leading producer of PhDs globally, the lack of corresponding job creation in sectors that can absorb these graduates raises critical questions about the sustainability of such policies.