Subject category:
Economics, Politics and Business Environment
Published by:
Amity Research Centers
Length: 13 pages
Data source: Published sources
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Abstract
In 2003, China moved away from its political orthodoxy to make a room for private education, which it believed would help to foster growth by 'invigorating the country through science, technology and education'. For adequate human resource development, the government did not only step up public investment for education from 2.82% of GDP in 2005 to 4% of GDP in the year 2016; it invited the private investment to supplement its educational supply. While the country strived for economic growth, due to various socio-political and economic reasons, its internal demand for international and English-medium education also increased. For international schools, this was the moment for big opportunity as it eyed for China's 200 million school-aged children and its burgeoning middle class. To feed in the 'insatiable demand' for International education in China, many premiere Western educational brands started moving in and expanding their businesses in China. Growth in the demand for international education had been a world-wide phenomenon; but would China continue to lead the league? Given the highly segmented private education sector and its stringent laws, would the business boom continue? Considering the contemporary business environment in China, which model of International schools would have the highest chances of success and how would it overcome the impending challenges?
About
Abstract
In 2003, China moved away from its political orthodoxy to make a room for private education, which it believed would help to foster growth by 'invigorating the country through science, technology and education'. For adequate human resource development, the government did not only step up public investment for education from 2.82% of GDP in 2005 to 4% of GDP in the year 2016; it invited the private investment to supplement its educational supply. While the country strived for economic growth, due to various socio-political and economic reasons, its internal demand for international and English-medium education also increased. For international schools, this was the moment for big opportunity as it eyed for China's 200 million school-aged children and its burgeoning middle class. To feed in the 'insatiable demand' for International education in China, many premiere Western educational brands started moving in and expanding their businesses in China. Growth in the demand for international education had been a world-wide phenomenon; but would China continue to lead the league? Given the highly segmented private education sector and its stringent laws, would the business boom continue? Considering the contemporary business environment in China, which model of International schools would have the highest chances of success and how would it overcome the impending challenges?

