The times are changing. College education used to be a hot commodity in China, now there are more graduates than employers can absorb, so opportunities are fewer. In Guangzhou the employment fairs at the college campuses are insanely packed with grads looking for jobs. Unless you're an engineer or trained in a technical field, or from a top-rated school, starting salaries are pretty low, something like 1400-2000 rmb a month. You'd probably make more as a professional hostess ("drink companions") if you had the looks.
Situation with graduates from the best colleges are better. But getting into those is extremely difficult.
I heard part of the reason is the old mentality towards a college education: in the old days any diploma was worth a lot, so when students get into college, they think they're all set for an easy life, so they don't work hard in college. I've heard it described that high school is all hard work, college is relaxing, music, parties, romance. As long as you get by, pass your classes with whatever grade, and get your diploma you're ok. The result of this is that lots of graduates come out of college having learned little. More and more graduates leave college feeling they've wasted their time; they might have been better off entering the workforce after high school and getting 4 years of work experience. The value of work experience cannot be stressed enough, if you look at the average office job requring a college education, it will say several years of work experience required. Only a very few say they will take fresh graduates (some even emphatically stress that fresh graduates not clutter them with resumes).. Practical education isn't as stressed since college is meant for theoretics, as opposed to "da zhuan" --3 year vocational school--which stresses practical skills--ironically geared for those who don't make it into college. Some vocational school graduates (I heard network technician is hot) are doing even better than college graduates. Even post graduate education is suffering from this. Recently there was an article online about some grad with a phD getting 1500 rmb/month starting salary and how he regretted going to grad school.
With the tight job market it's no wonder that graduates are feeling more pressure. Then again, colleges and high schools have been suicide-ridden for a long time, it's nothing new. High schoolers are faced with the tremendous pressure of the national college exams. There was a news story this summer about a girl who wasn't allowed into the exam room because she didn't follow the dress code, and after she fixed her clothes or whatever, she was too late--the exam room was already locked. She jumped off a bridge. The pressure of parents on kids to do well in school is probably unimaginable by westerners. Everything parents do is geared towards academics and excellence. The result is often students who are not well-rounded and well-adjusted. All they know how to do is study. In fact, some of the excellent students who make it to grad schools in the US are such people. Total bookworms with psychological problems that end up in campus murders. For some reason, my alma mater had a few such wackos.
Upon entering college, some students can't adjust. Some complain of feeling hollow: after the incredible strain of the last year of high school, college is dissapointing, they feel disenchanted and suicidal. There are school psychologists in Chinese universities and it is a growing field; my mother is such a counselor and my gf interned as one too. She was in a program to lecture all incoming freshmen about psychological counseling services at the university and common causes of anxiety. They also did a risk accessment survey on all the freshmen and asked the high-risk ones to come talk with a counselor. Still, every year around crunch time you see the stories in the papers about suicides. Most of them are jumpers, since high buildings are plentiful (most dorms will be tall enough) and other ways are harder to succeed (you can't buy sleeping pills on my gf's campus, you need a prescription from the school doc). Just before she graduated, my gf said there was a jumper at her school. A kid in the music department was practicing in a practice room late at night and lost it, broke the instrument, and dove out the window. Classes continued as usual, but there was a news lockdown. The papers didn't specify which school, but from the details it was obvious. They did an ok job of cleaning up though, no blood on the brand new multi-million dollar campus park. Ironically, that incredibly expensive college park in Guangzhou (the amount of infrastructure there is astonishing by any standard) will be wasted. The job situation is such that the government is cutting back on funding--rationale being the overabundance of graduates already. Example, from this year forward, there will be no more government funding for grad school.