Hangzhou draws overseas grads
Hangzhou is increasingly becoming a hot spot for Chinese graduates returning from overseas, with an average annual salary of 282,800 yuan, a white paper released recently said. The white paper was jointly issued by Liepin Overseas and Providence Academy at the 2020 Chinese Overseas Students Conference held in Hangzhou earlier this month.
In Hangzhou, salaries for such grads increased nearly 32 percent year-on-year, the highest among all Chinese cities, followed by Beijing, which saw a 30 percent year-on-year rise, according to the 2020 China Overseas Students Development White Paper.
Nearly three-fourths of grads who return from overseas are aged between 25 and 35, and nearly four-fifths have master's degrees or above.
Business administration and finance are the two most popular majors among those grads, according to the white paper.
Nationwide, higher-paying jobs in security and rapidly developing internet-related industries are first choices for returned grads.
In 2019, internet-related industries surpassed securities, attracting 17 percent of the grads.