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From the Market: Education & Training

From the Market: Education & Training
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Early indications from this year’s university intake suggest the numbers of Chinese students choosing to study in the UK remains steady and shows no signs of abating. There are many possible reasons for this, not least being the relative strength of the RMB against Sterling. It is also the result of maturing collaborations between UK and Chinese universities, the attraction of the UK’s one year Masters programmes and the established reputation of the UK as a provider of high quality tertiary education.

Whilst this is reassuring news for the Treasury and the university sector, it is worth noting the increasing flow of non-Chinese students seeking to study in China. China is already the fifth most popular destination for international students after the US, the UK, Australia and Germany. Whilst the majority come from Korea and Japan, China is becoming an ever more popular destination for US and UK students.

The Chinese Government remain steadfast in their belief that continued economic growth will be tied to good science, better skills and a strong research base working closely with the private sector; a belief which is backed by their investment of 4 per cent of GDP in education. With this in mind the Chinese Ministry of Education has set a target of 500,000 foreign students to be studying in China by 2020, up from the current level of 240,000. This would make China a net importer of students and reverse the trend of the last thirty years.

For more information about the education and training sector in China, please email mark.jones@cbbc.org

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