Page 370 - 2020 White Paper on the Business Environment in China
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0 White Paper on the Business Environment in China
from the shrinking of traditional manufacturing it’s not the dominant factor of one’s life anymore.
industries compounded by the fallout with the US- Many students are choosing to study abroad or
China trade war. Estimates of the size of annual pursue vocational education. More than 660,000
revenues in the private education sector vary Chinese students studied abroad in 2019, about
among industry experts, from LEK Consulting’s 1.6 50,000 more than in 2017. Meanwhile, the Chinese
trillion yuan (US$238 billion) to audit and advisory government puts great emphasis on vocational
firm Deloitte’s 2.68 trillion yuan. On the back of skills training (Xinhua, 20 years).
a compounded 10.8 per cent annual growth
trajectory, the market could reach a value of as Chinese universities are creating their
much as 5 trillion yuan (US$744 billion) by 2025, own globalization strategies with the target
according to Deloitte. Online education in the past of ensuring that international students and
few years has been the major growth spot, and scholars do not encounter language or cultural
traditional brick and mortar school operators are barriers at the university from next year. This
transitioning or expanding to online platforms to strategy at many universities on the Chinese
capture a growing market fueled by demand from mainland has helped them to achieve better
parents who like the benefits of the online learning standings globally, as internationalization is an
format. These include the flexibility of scheduling important factor in university rankings. In the
when lessons are conducted as well as the ability latest QS World University Rankings published
to customize the content of the lessons, leveraging by higher education analyst QS Quacquarelli
artificial intelligence to suit the child’s learning pace Symonds in London, six mainland universities
and existing knowledge. Education companies were listed among the world’s top 100. In 2018,
estimate that education takes up anywhere from roughly 492,200 international students from 196
20 to 50 percent of an average family’s disposable countries and regions studied in China, up by 0.62
income. After school classes from music lessons percent year-on-year. Since 2014, China has been
to English instruction and supplementary tutoring the destination in Asia for the largest number of
for a school curriculum are now staples in a child’s international students. The number of students
routine, especially those from China’s burgeoning pursuing academic education rose by 6.86
middle class. Most of the online platforms grew percent year-on-year to 258,122 in 2019. Students
their business primarily in the largest, tier 1 cities, studying for master’s and doctoral degrees rose by
but have since had faster growth in smaller tier 3 12.28 percent to 85,062. International education
and tier 4 cities. The greater demand in Chana’s cooperation and exchanges have been an
smaller cities is due to a lack of institutions and important part of the nation’s education policies
teachers of the same quality available in the larger since reform and opening-up.
communities. Still, the industry is not without its
problems. The sector has lost some of its shine The rise of the country’s universities in global
following several scandals including child abuse rankings is not surprising, as no nation puts more
allegations (Chan). resources into higher education than China,
which is home to the world’s fastest-growing
Higher Education higher education system, in quality as well as
quantity. In 2017, China launched the Double
The once elite higher education gradually is World-Class Project, aimed at establishing world-
becoming a kind of mass education in China. class universities with Chinese characteristics and
Statistics from the Ministry of Education showed Chinese first-class disciplines at a global level.
that China’s higher education institutions were The aim is for the country to have 42 world-class
home to 36.99 million students in 2016, accounting universities and some 456 world-class disciplines
for one-fifth of the world’s total. The gross in 95 universities by the middle of the century.
enrollment rate for higher education jumped to According to the plan, by 2050, the number of
42.7 percent in 2016 from the previous 30 percent world-class Chinese universities and disciplines
in 2012. The gaokao is still an important way to will have risen massively. They will be at the top of
test what students have learned in high school, but international rankings and China will have a strong
higher education system. The country spent more
370
from the shrinking of traditional manufacturing it’s not the dominant factor of one’s life anymore.
industries compounded by the fallout with the US- Many students are choosing to study abroad or
China trade war. Estimates of the size of annual pursue vocational education. More than 660,000
revenues in the private education sector vary Chinese students studied abroad in 2019, about
among industry experts, from LEK Consulting’s 1.6 50,000 more than in 2017. Meanwhile, the Chinese
trillion yuan (US$238 billion) to audit and advisory government puts great emphasis on vocational
firm Deloitte’s 2.68 trillion yuan. On the back of skills training (Xinhua, 20 years).
a compounded 10.8 per cent annual growth
trajectory, the market could reach a value of as Chinese universities are creating their
much as 5 trillion yuan (US$744 billion) by 2025, own globalization strategies with the target
according to Deloitte. Online education in the past of ensuring that international students and
few years has been the major growth spot, and scholars do not encounter language or cultural
traditional brick and mortar school operators are barriers at the university from next year. This
transitioning or expanding to online platforms to strategy at many universities on the Chinese
capture a growing market fueled by demand from mainland has helped them to achieve better
parents who like the benefits of the online learning standings globally, as internationalization is an
format. These include the flexibility of scheduling important factor in university rankings. In the
when lessons are conducted as well as the ability latest QS World University Rankings published
to customize the content of the lessons, leveraging by higher education analyst QS Quacquarelli
artificial intelligence to suit the child’s learning pace Symonds in London, six mainland universities
and existing knowledge. Education companies were listed among the world’s top 100. In 2018,
estimate that education takes up anywhere from roughly 492,200 international students from 196
20 to 50 percent of an average family’s disposable countries and regions studied in China, up by 0.62
income. After school classes from music lessons percent year-on-year. Since 2014, China has been
to English instruction and supplementary tutoring the destination in Asia for the largest number of
for a school curriculum are now staples in a child’s international students. The number of students
routine, especially those from China’s burgeoning pursuing academic education rose by 6.86
middle class. Most of the online platforms grew percent year-on-year to 258,122 in 2019. Students
their business primarily in the largest, tier 1 cities, studying for master’s and doctoral degrees rose by
but have since had faster growth in smaller tier 3 12.28 percent to 85,062. International education
and tier 4 cities. The greater demand in Chana’s cooperation and exchanges have been an
smaller cities is due to a lack of institutions and important part of the nation’s education policies
teachers of the same quality available in the larger since reform and opening-up.
communities. Still, the industry is not without its
problems. The sector has lost some of its shine The rise of the country’s universities in global
following several scandals including child abuse rankings is not surprising, as no nation puts more
allegations (Chan). resources into higher education than China,
which is home to the world’s fastest-growing
Higher Education higher education system, in quality as well as
quantity. In 2017, China launched the Double
The once elite higher education gradually is World-Class Project, aimed at establishing world-
becoming a kind of mass education in China. class universities with Chinese characteristics and
Statistics from the Ministry of Education showed Chinese first-class disciplines at a global level.
that China’s higher education institutions were The aim is for the country to have 42 world-class
home to 36.99 million students in 2016, accounting universities and some 456 world-class disciplines
for one-fifth of the world’s total. The gross in 95 universities by the middle of the century.
enrollment rate for higher education jumped to According to the plan, by 2050, the number of
42.7 percent in 2016 from the previous 30 percent world-class Chinese universities and disciplines
in 2012. The gaokao is still an important way to will have risen massively. They will be at the top of
test what students have learned in high school, but international rankings and China will have a strong
higher education system. The country spent more
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