Since launching economic reforms in the early 1980s, Beijing it has spared no efforts to develop higher education in the Chinese mainland. Nonetheless , the focus has remained on two-year college and four-year undergraduate education ; graduate school education had seldom been placed in prominent position. In the late 1980s, graduate schools, affected by unfavorable economic and political conditions, suffered a drastic drop of enrollment. It was not until Deng Xiaoping reaffirmed the market economy in his 1992 southern tour of the Chinese mainland, under the surging demand for professionals in the job market, has higher level of educational backgroung started gaining respect. A graduate with a master's or doctoral degree has come into demand in the job market. To continue advanced study in graduate school has become a major route for vast university graduates- to-be. Over the past year, the fierce competition in the entrance examination for graduate schools has been a hot topic in the Chinese mainland. In this "fever", one sees the potential of the market for graduate school education, but at the same time the innate danger of the overemphasis on diplomas.