China’s investment and internationalisation efforts are showing in the rankings. As much as there are gains to China’s higher education system, there are also emerging tensions.
The Silk Road concept is not new. Chinese President Xi Jinping introduced the idea in 2013 during a visit to Kazakhstan and Indonesia. What is new is the use of education as a tool to help drive China’s regional economic ambitions. Education is important to Beijing’s diplomatic and trade strategy.
China’s agenda is to become an innovation-led nation by 2020 and a world leader in science and technology by 2050. China spends more on R&D than any other economy, besides the USA. It has increased R&D spending from US$23 billion in 2012 to about $284 billion in 2014. It stills trails most developed countries as a percentage of total economic output. Analysts suggest the gap will close as China continues to rapidly increase spending.
By Dexter Roberts The U.S. and China differ in many ways. But when it comes to education, there’s one striking similarity. In both countries a mismatch exists between what young people learn and the skills employers need. Just as in the… Read More ›