80% of Chinese billionaires send their children to study abroad

80% of Chinese billionaires send their children to study abroad (Alberta Times) In the "2011 Hurun Young Rich List", there are a total of 5...

80% of Chinese billionaires send their children to study abroad (Alberta Times) In the "2011 Hurun Young Rich List", a total of 56 billionaires under the age of 40 were on the list. Half of them were educated in Europe and the United States, and four-fifths said they would consider sending their children abroad to receive a better education. According to the Wall Street Journal, a report released by the Institute of International Education showed that 128,000 Chinese went to the United States to study last year, and China was the country that sent the largest number of overseas students to the United States. The number of Chinese college students in the United States increased by 50% to 40,000, more than four times the number in 2005. One of the reasons for the surge in Chinese students studying in the United States is that the number of wealthy Chinese is increasing. For many people, studying abroad has become easier to achieve. However, money is not the only reason why Chinese parents send their children to study abroad. Although on the surface it appears that China is experiencing a boom in secondary education, the Chinese education system has long struggled. Critics say the education system is fragile and relies on rote learning and rigid exam content. There may be more and more Chinese people studying for academic qualifications, but what they receive is not training in analytical and creative thinking. At the same time, China's education has always been troubled by problems such as funding shortages, urban-rural imbalance, and restrictions on the children of migrant workers. China is already brewing education reforms. The authorities last year proposed a ten-year plan to improve the quality of education, and some schools have begun promoting diversity and independent thinking among their students. But this belated reform can no longer persuade today's young billionaires to let their children stay in China to study. More and more people are sending their children to study abroad.