- Eye Opening
- Concrete Examples
- Insider's Take
From a Western perspective, it’s hard to understand why an outstanding graduate of a renowned university would readily give up the chance to land a position in a top company with the prospect of a salary high above average. But in China – and especially in Beijing – a hukou – that is, the right for residency – is of greater importance than salary or position. Holding a hukou doesn’t only guarantee permanent residency rights, it also grants benefits such as retirement pensions, access to education, health care and eligibility to purchase real estate. Many observers describe the system as a major contributor to social and economic inequality and see a pressing need for reform. In their article, Caixin authors Huang Ziyi and Wang Mingting look at the current state of affairs through the eyes of two Beijing college graduates. getAbstract believes non-Chinese readers with little knowledge of this phenomenon will find this article interesting and insightful.
About the Authors
Huang Ziyi and Wang Mingting are writers for Caixin, a Beijing-based media group that provides financial and business news and information through periodicals, online platforms, mobile apps, conferences, books and TV/video programs.