Analysis on the contribution rate of university education to China's manufacturing based on the grey system theory

Abstract

This paper examines the variation on the contribution rate of university education to economic growth of Chinese manufacturing from the year 2005 to 2014. We divided the period of economic growth of Chinese manufacturing into two stages; 2005–2010 and 2011–2014, and then calculated the contribution rates respectively. The results of both stages are then compared. Findings suggest, the contribution rate of university education to economic growth of Chinese manufacturing is on the rise during the year 2005–2014. This shows that the talent structure of Chinese manufacturing is reasonably increasing and China's traditional economic development pattern of manufacturing is transforming from extensive to intensive.