10 Valuable Fields of Study for the Future in China
1. Fields in Telecommunications
Fields in telecommunications such as the production of electronic products, software, and operations related to electronics like digital information, multimedia, the internet, telephones, and mobile messaging. Additionally, there are high-tech cultural products such as online video games... Currently, China is facing a significant shortage of talent in telecommunications fields such as troubleshooting technical issues, hardware and software installation, monitoring, and customer service.
2. Fields in Biology
Companies researching biotechnology with annual revenues exceeding one hundred million yuan are increasingly emerging in China. According to experts' predictions, the development of genetic engineering and biotechnology has led to a growing demand for talent in the biological field in China.
3. Fields in Modern Medicine
Biotechnology is being applied in modern medicine and is becoming a new competitive target in global medicine. Chinese experts believe that in the face of increasingly fierce competition from around the world, developing biotechnology in medicine and fields related to traditional Chinese medicine has become one of China's top priorities. Currently, traditional Chinese medicine is a strategic industry in China, showing strong development potential and a vast market.
4. Fields in the Automotive Industry
Cars have become quite common in many families in China. Therefore, specializations related to automobiles are becoming increasingly valuable. Additionally, specializations related to the automotive industry such as power and thermal technology, industrial design will also be valued.
5. Fields in Goods Transportation
After joining the WTO, alongside the expansion of the goods transportation market by road, sea, etc., Chinese enterprises and transportation companies are increasingly forming cooperative relationships with foreign countries. This is also a very new industry in China. Therefore, talent in the field of goods transportation has become one of the 12 types of scarce talent in China. By 2010, China's demand for skilled personnel in goods transportation with intermediate qualifications or higher is expected to reach 3-4 million, while currently, there are only about 5,000 students being trained at the intermediate level.
6. Fields in New Materials
The application scope of new materials is very broad, and the development potential is also very strong. Currently, the Chinese government's development policy prioritizes the new materials industry. Pillar industries and high-tech industries have a significant demand for new materials. The machinery manufacturing, telecommunications, automotive, and construction industries all require high-quality, superior performance materials. Additionally, in recent years, the demand for new materials applied in ecological environment and aviation fields in China has increased significantly.
7. Specializations in Environmental Energy
The Chinese government has realized that environmental protection is crucial for the sustainable development of this populous country. Therefore, in recent years, the Chinese government has focused on investing a lot of manpower and funding for environmental protection efforts. However, there is still a significant shortage of talent in this field. The current number of talents cannot meet the development needs of the national economy. Additionally, researching and developing renewable energy sources is also one of the top concerns of the Chinese government, while the current number of talents in this field is very limited.
8. Fields in Management
China's accession to the WTO and the successful hosting of the 2008 Olympics have significantly increased economic relations and transactions between China and foreign countries. Therefore, the demand for management talent in Chinese society is very high. In large companies, there is a strong desire to have excellent managers. Experience shows that a good manager can be worth more than 100 excellent engineers or 1,000 skilled workers. Currently, companies in China frequently undergo changes in management mechanisms, such as transferring ownership rights and implementing policies to hire excellent managers with generous annual salaries. The demand for skilled managers in both Chinese and foreign companies is very high.
9. Fields in Law
Currently, in China, there is one lawyer for every one hundred thousand people. The number of companies hiring lawyers is also very small. Meanwhile, the legal awareness of the Chinese people has significantly increased. When facing difficulties in daily life, they often seek lawyers to use legal means to protect themselves. The legal awareness of enterprises and companies has also changed significantly. These factors have led to a strong increase in the demand for legal graduates in Chinese society.
10. Fields in Marketing
China's market economy is becoming increasingly refined, and competition among Chinese companies is becoming fiercer. Among them, market share is always a top concern for companies. Buying apartments for investment is a popular business method among the Chinese. The level of competition among companies in the real estate business is very high, and an effective business strategy is to recruit experienced marketing staff. The significant drop in car prices, coupled with the increasing income of the Chinese people, means that having a car is no longer a distant dream for over one-third of families in China. Therefore, the demand for car marketing staff is quite large. Marketing staff in the insurance sector will also be in high demand in China. Thus, the demand for talent in the marketing field will increase significantly.
7 Money-Making Jobs Thanks to the Emerging Chinese Upper Class
1. Online English Teaching
Teaching English for low wages or becoming a volunteer has long been a popular choice for recent college graduates to step into the world. However, the combination of global broadband and the increasing wealth of China has created opportunities for Americans to earn a decent income teaching English right from the comfort of their homes. The VIPKID platform connects native English-speaking teachers with students in China through live or recorded video calls, charging between 14 - 22 USD per hour.
2. Butler
In 2016, the International Butler Academy based in the Netherlands launched a training program in Shanghai to meet the growing demand for butlers serving wealthy families in China. Butlers from Europe, who are native English speakers and understand European aristocratic etiquette, can earn starting salaries of up to 60,000 USD - nearly double that of their counterparts in the West. Human resource centers believe that this demand for butlers is driven by the confidence and preferences of the new wealthy class in China to assert their status.
3. Renting Vacation Properties for Chinese Tourists
Airbnb has been ramping up its strategy to penetrate the Chinese market, adding 24/7 customer support in Chinese and local payment options like AliPay and WePay... Meanwhile, the number of Chinese tourists visiting the U.S. has exploded in recent years, the highest among other countries except Mexico. If you own a vacation property in a popular destination for Chinese tourists like Los Angeles or near national parks, you can make your property more appealing to them by offering premium services, as Chinese tourists are more accustomed to private hotels than shared accommodations. Don't forget to offer discounts for long stays. For Chinese guests, thoughtful little details like having a kettle and indoor slippers can help them feel more comfortable.
4. Ski Instructor
Skiing was not a popular sport in China until the recent economic boom, with the number of domestic ski resorts skyrocketing from about 6 to 568 in 20 years (1996 - 2016). The race towards the 2022 Beijing Winter Olympics is continuing to heat up this sport. The combination of a sudden surge in demand and its previous unpopularity means that there is a severe shortage of ski instructors in China. The recruitment platform ClubMed is committed to providing perks for ski instructors coming to China, such as accommodation, meals, and free flights along with "attractive salaries." While ski instructors in the U.S. earn 15 - 20 USD per hour, they can earn between 20 - 30 USD in China. Although priority is given to instructors who can speak Chinese, high-end resorts are increasingly expanding their demand for foreigners.
5. Hosting High School Students
The number of international students earning high school diplomas in the U.S. has surged in the past decade, with China leading the trend, accounting for 46% of international high school students here. Some students stay in boarding schools, but many families still choose private and even public schools. These students need host families, earning 500 - 600 USD per month if providing accommodation and daily living for one student.
6. Selling Properties to Chinese Investors
Amid the volatility of urban planning in China, foreign real estate has become attractive to Chinese investors looking to make cash transactions. In fact, Chinese buyers are currently the top foreign customers in the U.S. real estate market. If you are looking for opportunities to earn a decent amount from real estate or valuable assets... you might want to seek out a knowledgeable intermediary in the Chinese investment market. Of course, this strategy may not attract local buyers...
7. Private Tutor or Nanny
As mentioned in the first point of this article, teaching in China has been a money-making opportunity for young people wanting to explore and adventure. However, with the rise of the wealthy class in China, many private schools here are looking for English-speaking teachers, supervisors, or nannies and are willing to pay generous compensation. Experienced teachers can earn over 3,000 USD per month, along with a fully furnished apartment, round-trip airfare, and bonuses for each holiday... a compensation package that is enviable compared to similar salaries in Europe or the U.S.