The boom parallels China’s emergence as the world’s largest economy after the United States. China is home to a growing number of middle-class parents who have saved for years to get their only child into a top school, hoping for an advantage in a competitive job market made more so by a surge in college graduates. Since the 1990s, China has doubled its number of higher education institutions. More than 60 percent of high school graduates now attend a university, up from 20 percent in the 1980s. But this surge has left millions of diploma-wielding young people unable to find white-collar work in a country still heavily reliant on low-paying manufacturing.]
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