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Can college graduates sign labor contracts?
Legal analysis: you can't sign a labor contract without graduation, but only an employment agreement.

Legal basis: Article 12 of People's Republic of China (PRC)'s Opinions on Several Issues Concerning the Implementation of the Labor Law of People's Republic of China (PRC).

Students who take part-time jobs in their spare time are not regarded as employment, and labor contracts may not be signed without establishing labor relations.