The glut in college grads is a result of the expansion in university enrollment in China over the last decade that created a higher-education equivalent of the global credit bubble.

• 高校毕业生过剩是过去十年内中国高校大肆扩招的结果，由此造成的高等教育泡沫几乎可与全球信贷泡沫相提并论。