There is no shortage of graduate students in China, and there is even a bit of a surplus. The main reason is that there are not so many good jobs. There are only so many positions, and you have to wait for someone to leave before you have a chance to join.
It is also true that the recognition of graduate students is getting lower and lower, and it is also true that graduate school is not as cost-effective as it used to be.
In 21 years, the enrollment of graduate students was expanded by examination, and now it is no exaggeration to say that it is really about to rot on the street, and the enrollment of many second-class colleges and universities has directly doubled. In the early years, due to the epidemic, it was impossible to find a job, and the expansion of recruitment became an inevitability.
Because the divisible cake has become smaller, but there are more students graduating every year, and the employment pressure is too great, so some people are fooled to go to school to pay taxes, and it is difficult to find a job in science.
This is not the case for graduate students, but even more so for undergraduates.
Colleges and universities can't manage so much, crowd tactics, no enrollment will have no budget, there is no budget to spend, there is not so much talent gap in society, enterprises can't wait to use one person as three people, vicious circle, academic qualifications are becoming less and less valuable!