Overseas degrees have lost their old cachet

THE MINISTRY OF EDUCATION has refuted a rumor that China will adjust its evaluation systems so that master's degrees of less than two years will not be recognized. China Youth Daily comments:

Despite this, the rumor has caused wide concern among those returning after studying overseas and those intending to study for degrees in other countries.

Like it or not, the value of foreign degrees, unless from the most prestigious universities, have depreciated in the domestic job market in recent years, because more and more Chinese students choose to return to work, and they are competing with about 8 million graduates from domestic universities.