Chong Ming Lee, Junior News Reporter at Business Insider's Singapore bureau.

China’s smartest students used to chase tech and finance jobs. Now, they’re choosing manufacturing.

For years, China’s top graduates chased jobs in finance and tech. Now, many are heading into manufacturing and energy instead.

Employment data from Tsinghua University — one of China’s top tertiary institutions — published on its website on Tuesday shows the number of graduates entering the manufacturing and energy sectors rose 19.1% year over year for the class of 2025.

Top employers for this year’s Tsinghua graduates include Huawei, BYD, State Grid Corporation of China, and China National Nuclear Corporation, the university said.

Huawei is a global telecom equipment giant, while BYD is one of the world’s biggest electric-vehicle makers. State Grid runs China’s power grid, and China National Nuclear Corporation leads its nuclear industry.

The share of Tsinghua graduates entering the manufacturing and energy sectors has grown for six consecutive years, according to the university. Tsinghua said last year that the number of Class of 2024 graduates joining those sectors rose 11% year on year.

Often compared with MIT or Stanford, Tsinghua is widely viewed as China’s top engineering university and a key pipeline for talent entering the country’s tech and industrial giants.

The trend is not limited to China’s most elite university. At Huazhong University of Science and Technology, 2025 graduate employment statistics published in January showed about 2,000 graduates entering the information-technology sector and about 1,500 moving into manufacturing, compared with just around 300 entering finance and 240 joining construction.

The share of Chinese graduates entering manufacturing rose from 17.9% in 2020 to 22.5% in 2024, according to South China Morning Post, citing a report by MyCOS Institute, a consultancy focused on China’s education.

China’s advanced manufacturing sector gains prestige

Experts told Business Insider that several factors are driving more graduates toward manufacturing and energy jobs.

China’s industrial sectors, especially semiconductors, electric vehicles, batteries, and renewable energy, have become “highly technology-intensive and now demand top engineering talent,” said Fu Fangjian, associate professor of finance at Singapore Management University.

Many young graduates now see them as “opportunities to work on cutting-edge technologies rather than traditional factory work,” he said, adding that these jobs can offer “very competitive” salaries.

Experts say the nature of manufacturing jobs has evolved as China upgrades its industrial base.

Sectors such as electric vehicles, power equipment, and nuclear energy now require expertise in engineering, data science, and systems integration, said Zhao Litao, a senior research fellow with the East Asian Institute at the National University of Singapore.

“‘Hardware’ and advanced manufacturing are no longer seen as low-skill industries but as high-tech innovation sectors involving robotics, semiconductors, advanced materials, and industrial AI,” Fu said.

As a result, advanced manufacturing is increasingly viewed as a frontier technology sector rather than a blue-collar industry, said Zhao, who researches China’s social policy.

Highly technical engineering or research roles in this sector “carry considerable prestige among engineering students,” he added.

Tech and finance jobs lose their shine

For years, many of China’s top graduates gravitated toward internet platforms and finance, drawn by rapid growth and high pay.

But hiring in the platform economy has slowed, while tighter regulation has added more uncertainty, said Fu.

“At the same time, investment attention has shifted toward HALO sectors —hardware, industrial technology, and energy— redirecting both capital and talent,” he added.

China’s job market has long been challenging for young graduates entering the workforce.

In December, the unemployment rate for people aged 16 to 24 — excluding students — stood at 16.5%, according to data released by the National Bureau of Statistics in January. By comparison, unemployment was 6.9% for those aged 25 to 29 and 3.9% for workers aged 30 to 59.

The Chinese tech sector has been trimming headcount in recent years as companies focus on cutting costs and improving efficiency.

Alibaba’s workforce has shrunk by more than half, from about 250,000 full-time employees in March 2022 to about 124,000 in March 2025, according to a report by Chinese financial news outlet Caixin.

Baidu’s workforce stood at 35,900 at the end of 2024, down 21.1% from its peak in 2021, the report in August added.

Meanwhile, demand in manufacturing remains strong. A government manufacturing talent development plan projected that nearly 30 million skilled manufacturing jobs could go unfilled by 2025.

“China is the world’s largest producer of electric vehicles, batteries, and solar equipment, and these sectors require a large technical workforce,” said Zhao.

Government policy has also helped reshape the job landscape, experts said.

Over the past decade, China has prioritised strategic sectors such as electric vehicles, renewable energy, power equipment, and advanced materials through industrial policies, research programmes, and large-scale investment, said Zhao.

“These sectors have therefore become major employers of engineering graduates,” he added.

Universities, research institutes, and state-supported firms are aligned with these national priorities, which encourages more talented graduates to enter these fields, Fu said.




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Here’s what the smartest people in foreign policy, business, and economics are saying about Trump’s raid on Venezuela

President Donald Trump on Saturday announced that the US had conducted a raid on Venezuela, resulting in the capture of Venezuelan President Nicolás Maduro and his wife, and big names in business and foreign policy have been reacting as the aftermath unfolds.

Here’s what they’ve been saying:

Charles Myers

Myers, chairman of political risk consulting firm Signum Global Advisors, told Business Insider that foreign investment in oil, tourism, and construction will be the “centerpiece” of Venezuela’s financial recovery going forward, adding that he expects the country’s economy will grow “faster over the next two years than people anticipate because of the extent or scale of foreign investment.”

Myers, also a former head of investment advisory firm Evercore, is planning a trip of 15-20 investors to visit Venezuela in March to identify investment opportunities. Signum Global Advisors has hosted similar trips for investor groups in Syria and Ukraine.

Ian Bremmer

Bremmer, founder of the political risk research and consulting firm, Eurasia Group, in a post on LinkedIn, wrote that the “US presumption is next Venezuelan leaders will now do what the Americans want because they’ve just seen the ‘or else.'”

Accompanying the post was a photo of a drawing of a horse. The hindquarters of the horse were drawn in intricate detail, and labeled “SOF operation to capture Maduro,” referencing the special operations forces mission that was executed early Saturday. The horse’s head was depicted as a rudimentary children’s drawing, captioned “plans for future of Venezuela.”

“I wouldn’t exactly call it a plan,” Bremmer added.

In a separate post, he wrote: “The law of the jungle is dangerous. What applies to your enemies one day can apply to you the next. Make no mistake where the world is heading here.”

Bill Ackman


Bill Ackman

Bill Ackman has expressed support for many of the Trump administration’s policies, foreign and domestic.

PATRICK T. FALLON/AFP via Getty Images



The billionaire hedge fund manager wrote in a post on X that “The removal of Maduro will lower oil prices, which is good for America and very bad for Russia. A weaker Russian economy will increase the probability that the war in Ukraine ends sooner and on more favorable terms for Ukraine. And Putin will be sleeping in his safe room from this point going forward.”

Henry Gao

Gao is a senior fellow at the Center for International Governance Innovation and a law professor at Singapore Management University. In a series of posts on X, he said the raid on Caracas ushered in “the brave new world of international law.”

“Maduro’s capture has triggered the biggest revival of international law since Grotius — and overnight turned everyone on X into an international law wonk, eager to compare Venezuela to Taiwan,” he wrote.

“But China has never treated the Taiwan issue as a matter of international law,” he continued. “It has always been framed as an internal affair, with Taiwan regarded as a renegade province. The reason China has not acted is not because it lacks legal justification, but because it lacks the capability. Thus, US ops in Venezuela provide China with no additional legal justification.”

Sen. Elizabeth Warren

The Democratic senator from Massachusetts is a former Harvard Law professor who holds deep expertise in bankruptcy and consumer finance. In a post on X, she wrote that Trump’s action to seize Maduro, “no matter how terrible a dictator he is — is unconstitutional and threatens to drag the US into further conflicts in the region.”

“What does it mean that the US will ‘run’ Venezuela, and what will Trump do next around the world?” Warren wrote. “The American people voted for lower costs, not for Trump’s dangerous military adventurism overseas that won’t make the American people safer.”

Elon Musk


President Trump and Elon Musk i nthe White House.

Elon Musk and Donald Trump in the Oval Office.

Kevin Dietsch/Getty Images



The Tesla and SpaceX CEO spent most of Saturday posting praise for the Trump administration and the military operations in Venezuela, posting that it was “heartwarming to see so many Venezuelans celebrating their country freed from a brutal tyrant.”

In another post, Musk retweeted a White House image of Maduro aboard the USS Iwo Jima after being apprehended, with the caption “Congratulations, President Trump! This is a win for the world and a clear message to evil dictators everywhere.”

Musk and Trump have had a tumultuous relationship over the years, alternating between appearing to be close allies and trading sharp criticisms in the media.




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