The situation in China has very little in common with Egypt, says Shain Rein in CNBC, but China’s leadership can learn a few lessons from the country’s turmoil. When trouble will occur, it will come from the students, not the middle class.
While it seems unlikely a revolt could happen anytime soon – most Chinese still firmly support the direction the government is taking the country – the reality is that university graduates could pose a problem in the coming decades if they feel their future options are being limited by corruption or a weak educational system that does not train them properly for the global job market.
What China can take from Egypt’s situation is that it needs to stamp out corruption quicker than it is now. Even when government officials are not corrupt, many assume they are…
Second, while corruption in Egypt is a problem, it is nothing new. It has been an issue since Mubarak rose to power. What is new now is the depths of the financial crisis facing Egypt which is leaving limited employment options for the middle class. That has further stoked Egyptians’ anger at what they see as privilege and corruption among the elites.
To ensure enough good jobs, China needs to reform its education system to prepare its students for a global business world that is fast moving, not just how to take standardized tests.