Graduates take selfies after at the 2019 commencement ceremony of Nanjing University in Nanjing, capital city of east China's Jiangsu Province, June 18, 2019. (Xinhua/Su Yang)

More than three million students in China will be pursuing their master's degree in 2020, a humongous rise from 629 in 1949.

China has established a subject system with 111 first-class disciplines and 47 professional degree categories, basically covering all fields of national economic and social development.

In 1990, only 19.6 percent of full-time teachers in China's colleges and universities had a master's degree, while the number has reached 64.1 percent in 2020.

In addition, the system of classified training for graduate students pursuing academic and professional degrees has rapidly improved, and the enrollment in master's degree courses has increased from less than 590,000 in 2012 to more than 1.1 million in 2020.

As of 2019, 52 countries and regions had signed agreements with China on mutual recognition of academic degrees.