Tag: education

Industry Analysis

Overview of the Private Higher Education Industry in China

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The private higher education industry in China has experienced rapid growth as it entered the phase of regulated development when the relevant government authorities made great endeavor in completing the regulative framework for private higher education. Private higher education institutions in China can be divided into three categories, namely, private universities (民办普通本科), independent colleges (独立学院) and junior colleges (民办普通专科). Private higher education institutions are distinct from public institutions of higher education mainly in that public institutions of higher education are generally operated by the PRC national or local governments and…

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Industry Analysis

Driving Factors for Education Industry in China

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• Income growth for middle class in China is expected to drive up education spending: According to Research, the per capita disposable income of Chinese urban households increased rapidly from CNY 24,565 in 2012 to CNY 31,195 in 2015, and is forecasted to increase to approximately CNY 44,290 in 2020. The rise of middleclass families in China is expected to drive the spending on premium education, as such families are relatively well educated and they consider that good education background could benefit their children in the long run. • Encouragement…

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Industry Analysis

OVERVIEW OF THE PRIVATE FUNDAMENTAL EDUCATION INDUSTRY IN CHINA

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Market size and trends of the private fundamental education industry in China Private education was first allowed in China by law in early 1980s to bridge the shortage of public resources. Private education has experienced rapid growth and become an important segment in the PRC education system. According to the Research, total revenue generated by the PRC private fundamental education industry increased from CNY 124.1 billion in 2012 to CNY 184.2 billion in2015, and is expected to increase to CNY 325.5 billion in 2020, representing a CAGR of approximately 14.1%…

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