Questions in China on Value of Foreign Degrees

January 2, 2014

Chinese parents who can afford to do so continue to make huge investments in their children's education by paying tuition for them to attend colleges and universities in the United States and other Western nations. But Financial Times (registration required) noted that some experts in China are questioning the (financial) value of the degrees earned abroad by Chinese students. There is no longer much of a wage premium for those who return. Further, the growing numbers of Chinese students going abroad means that it's no longer just the best and brightest. And some are questioning whether the Chinese students end up with enough knowledge of either the West or their home. Zong Qinghou, the second wealthiest man in China, who sent his only daughter to study abroad, recently said at a press conference that she "knows neither the current situation for Chinese enterprises nor the situation abroad."


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