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  1. Education spending will rise to 3pc of GDP

    Posted Mar 10th 2007, 12:00am by Cary Huang

    ... cent of its GDP, far less than that in developed countries. 'As China's total public expenditure increases, the percentage of educational spending in the GDP will also grow,' he ... Cary Huang in Beijing But highest budget in four years still falls short of 1993 vow of reaching 4pc target Education spending is likely to exceed 3 per cent of gross domestic product ...

  2. The real life lessons to teach about China's economic model

    Posted Aug 01st 2012, 12:00am

    ... Tom Holland We don't yet know exactly what Hong Kong's new textbooks on national and moral education will try to teach the city's schoolchildren about the superiority of China's economic model. But I bet the line they take will run something like this: 'Over the last 30 years, China has achieved an unparalled economic revolution. 'The unique combination ...

  3. Looser China can get yuan rolling

    Posted Feb 27th 2012, 12:00am

    ... of China's ambitious plans to boost the yuan's status as an global reserve currency on par with the US dollar. 'China is working in the right direction. But for the yuan to become ... the fact that the yuan is not fully convertible means that they not able to offer foreign-exchange-traded products for the currency. 'China would need to have more liberalisation of its ...

  4. Labour produces a mismatch

    Posted May 08th 2006, 12:00am by Mark O'Neill

    ... applaud a policy of greater access to education, some think that the process in China has been too fast and chaotic. 'When I graduated in 2000, my university had enough teachers, libraries ... with the influx. The quality of education has deteriorated. 'China is not able to provide universal college education, like some countries in Europe, and should not pretend it can. It is a result ...

  5. Education Department should control textbook publishing

    Posted Apr 19th 2011, 12:00am

    ... As education is both a human right and a cornerstone of society, it is not surprising that the government mandates that children attend primary and secondary school. However, given ... is to take away the middleman. The Education Department should handle the production of textbooks. Costs could be lowered, because the department would aim, not to make a profit, but to balance ...

  6. Mainland's foreign assets fall

    Posted Jan 14th 2012, 12:00am

    ... International Business School. 'Well-educated rich people, in particular, are desperate to do so.' China still has tight controls on cross-border capital flow, although in recent years ... Daniel Ren in Shanghai ren.wei@scmp.com China, the world's largest holder of foreign reserves, saw its pool of foreign assets decline for the first time in more than a decade, ...

  7. Reality check that helps nation's poor

    Posted Dec 10th 2011, 12:00am

    ... The superlatives over the years from the UN, World Bank and economists to describe China's poverty-fighting successes have been gushing. Among them have been 'enviable', ... to be living in absolute poverty, with insufficient food and clothing and inadequate housing. Now the number is expected to soar to 128 million. China's threshold is now close to, if not above, ...

  8. Business - Economy - REFORM

    Innovation 'key' to reform success in China, summit told

    Posted Dec 17th 2012, 12:00am by Victoria Ruan

    ... decades, Cheung was critical of those measures that merely copied Western practices that did not suit China. Among them was the adoption of a minimum wage system, which, he said, had caused China ... for China and it had proved wrong in many Western cases too, he said. Cheung argued that China should establish its own "anchor" for the yuan, remove foreign-exchange controls, and build ...

  9. Uphill struggle

    Posted Jun 27th 2012, 12:00am

    ... Shujie Yao The world's investors sift through the semantics of China's economic policy pronouncements with increasingly desperate optimism. As the euro-zone crisis twists ... into recession- and shielded the global economy from worse ills. China is well versed in economic miracles, but a government decision to roll out an investment programme on the same scale as four years ...

  10. Beijing to open door to private capital

    Posted Feb 16th 2012, 12:00am

    ... the development of non-publicly-owned businesses, and will encourage private capital to enter key sectors such as railways, urban utilities, finance, energy, telecommunications, education ...




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