 
August 2003
ISBN 981-0492-52-9
Paperback
150 pages
US$395
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Table of Contents 
With long-term effects, China's accession to the World Trade Organization (WTO) is part of a lengthy process of ongoing social and economic change. As foreign companies penetrate the market, competition is on the increase in many sectors. The government in its 10th Five-Year Plan stressed the importance of education, but in 2001 government education spending was only RMB82 billion(16% of the total). The people are becoming aware of the need for life-long learning in a complex world, and demand for higher learning is rising quickly.
With an estimated value of RMB48 billion (US$5 billion) in 20021, China's higher education market is large and growing. It presents risks and opportunities to investors in an increasingly competitive domestic environment. Annually China is sending abroad about 76,0522 new selffundedstudents to overseas universities.
One study concluded that "Fast domestic economic growth and a better financial background of Chinese students, together with still unsatisfying domestic higher education, have resulted in the continual increase of students studying abroad. This underlines the weakness of the education system while indicating that there are growth areas for potential investment.
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