Market to double. This report takes a differentiated look at vocational education in China, acorner of China’s vast education market that’s backed by government policy as it helpsuniversity graduates find jobs. Using demographics and examining China’s economic structure,we show there will be an oversupply of highly-educated students for years to come. And wherethere are high-quality jobs on offer, they are concentrated in just a few areas. The result is thescramble to find jobs is getting tougher. That means demand for vocational training – whichincludes preparation for civil service exams and teaching qualifications – is heading higher asgraduates look to find an edge to make them stand out. We see the market doubling by 2025 toRMB180bn from 2020.