There a glut of Chinese university graduates without meaningful employment in their fields, and these educations were funded by parents who sacrificed their own lives to send those kids to college. Unless that graduate is from a high-ranking school and has family connections, it’s seldom worth the cost these days.
In desperation, Chinese families are now sending their kids to school in the USA, the UK or Europe, in hopes their kids will master Western attitudes and form alliances beyond China. But even those children return home to face the same stigma: the little no-name school they attended in the West is ridiculed as a Wild Grass College. All this was seen in Japan two decades ago.