Niall McCarthy
Contributor
Data journalist covering technological, societal and media topics
Since the turn of the century, China has experienced a revolution in third level education. It has outstripped both the United States and Europe in graduate numbers and as of 2016, it was building the equivalent of nearly one university per week. That progress has caused a massive shift in the world's population of graduates, a population the U.S. used to dominate. Last year, India had the most graduates of any country worldwide with 78.0 million while China followed close behind with 77.7 million. The U.S. is now in third place with 67.4 million graduates, and the gap behind the top two countries is widening.
Some estimates see the number of Chinese graduates aged between 25 and 34 rising 300 percent up to 2030 compared to just 30 percent in the U.S. and Europe. According to the World Economic Forum, STEM (science, technology, engineering and mathematics) has become a pretty big deal in China's flourishing universities. In 2013, 40 percent of Chinese graduates finished a degree in STEM, over twice the share in American third level institutions.
STEM graduates have become a vital cog in the wheel of global prosperity and unsurprisingly, China is leading the way. The World Economic Forum reported that China had 4.7 million recent STEM graduates in 2016. India, another academic powerhouse, had 2.6 million new STEM graduates last year while the U.S. had 568,000.
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