To receive weekly insights and a filtered lens on macroeconomic and financial market analysis
Despite being a ‘net exporter’ of talent and also Asia’s top destination for overseas studies, China struggles to attract top students from abroad (only 0.6% of students are international students in China, compared to 5.3% in the US). In this article, Wang Huiyao, founder of a Beijing based think tank, argues that with trade – the core engine of Chinese growth – weakening, global talent flows will hold potential to maintain development. The improvement and provision of more courses conducted in English and the better integration of foreign students into the educational and social structure are suggested as just some of the ways to tackle the dire situation.
Why does this matter? A few weeks ago we discussed the growing number of Chinese scholars based in the US. Now the tables are turning and China is waking up to the potential of international education to grow into a local, staple industry similar to the US and the UK – contributing jobs, revenue, and injecting innovation into the country. We believe that the timing is right, given the Belt and Road Initiative pending and the trade wars hindering an already slowing economy.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)