Source / Credit: China Daily
Foreign universities are getting ready to grab a bigger slice of the education pie in China by firming up their existing partnerships and forging new alliances with Chinese educational institutions. Much of the optimism in Western academic institutions stems from China’s strong economic growth, the increased spending power of its citizens and its growing demand for quality education.
At the same time, several extraneous factors like the global financial crisis and economic weakness in the United States and Europe have also forced several of these venerable educational institutions to seek greener pastures in countries such as China and India to offset their flagging revenues.
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