Is entrepreneurship a remedy for Chinese university graduates’ unemployment under the massification of higher education? A case study of young entrepreneurs in Shenzhen

Abstract

Chinese higher education has gained outstanding achievement in expanding its access to the mass population since 1999. However, the mismatch between university curricula and job market requirements leads to increasing unemployment and underemployment of Chinese graduates. In recent years, the central and local governments and universities have viewed entrepreneurship as an efficient means to solve the unemployment and underemployment issues of university graduates. They issued many policies to promote innovation and entrepreneurship among young people. However, university graduates are still facing barriers in deciding to start their entrepreneurial journey. In this qualitative study, we interviewed 37 young entrepreneurs in Shenzen. Results show that the respondents encountered barriers from three aspects: personal traits, resources, and culture. With the empirical data collected from the interviews, we aim to enable higher education professionals and innovation policymakers to develop an advanced understanding of the experiences of the new generation of entrepreneurs while reflecting the efforts in coping with the negative effects of the massification of higher education.