When Ethan Liu received his master’s degree from a British university, he thought it would be a ticket to success back home in China. Instead of enrolling in a two-year master’s program that would have cost $3,000 in China, Liu opted to spend $60,000 on a 12-month course abroad. Upon his return, the 28-year-old business management graduate spent hours scrolling through job listings in big cities like Beijing, Shanghai, and Guangzhou. After an excruciating 10-month hunt, including dozens of interviews, Liu landed a job at one of the largest state-owned companies in the capital. The position came with a 4,000-yuan ($600) monthly salary — about half the average income in Beijing.
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