A lot of senior high school students in China are now facing a dilemma – continue to university at home, or abroad? The fact is more and more graduating high school students decide to go abroad, and their parents would support them fully. The two top reasons for this decision are: 1- they think education abroad is in general better than that in China; 2 – it’s hard to compete to get to a good local university of their choice. This creates a “moving abroad craze” phenomenon. In the past, students went abroad to get Master’s or Ph.D degrees. Later, as soon as they finished senior high school, they went abroad to get Bachelor degrees. But now, some students finish the senior 1, or 2 and continue to complete the remaining years of high school in another country, hoping that getting the high school diploma abroad will give them a better chance to be accepted by good universities.
These days, a lot of these potential overseas students come to local English training centers to improve their English, and to prepare for their IELTS or TOEFL tests, as they are required to demonstrate they English proficiency before going abroad. The higher the score, the better the chance to be admitted to a good school, be it a high school or university.
Not all students who want to study abroad can succeed. Even if you have the academic ability to do so, you must also have the financial means. It’s not cheap! How much it will cost? First, the preparation, then the cost to get there (agent to find school/university, visa, plane ticket etc.), finally the actual cost of study and living abroad. Let’s just consider the cost for students just to get (their English level) “ready” to study abroad. It can be staggering. At a language training center in a small town in China, the going rate for having a private lesson (1-1 English tutoring) with a foreign teacher to practice your English is about 100-200 RMB per hour. But if you want to prepare for your IELTS or TOEFL, then the rate can be as high as 300-500 RMB per hour.
If the parents are rich (e.g., business owner, or a high ranking government official), it’s common for the students to come to a language school to take a private lesson (1 on 1). During the summer holiday (July-August) when schools are closed. Parents will send their children (high school students) to practice their English in one of the many language training centers. Here is a true case: a 17-year-old student plans to study abroad, and has already got an IELTS score of 5.0 but it’s not enough for the school of his choice. He plans to increase it to at least 5.5 or higher, so he comes to a language training center to improve his English. He takes lessons in a local language training center. With 400 RMB/hour, he takes private lessons with a foreign teacher 6 hours a day (or 2400 RMB/day), 6 days a week (or 14,400 RMB/week). So within just one month he has spent 48,000 RMB. To give you an idea how big is this amount? A course consultant in a typical language training center makes about 2200 RMB; A teacher (Chinese) about 3500 RMB, and a foreign teacher about 10,000 RMB per month. So, the student’s monthly English lesson cost during the summer holiday is about 15 times the average monthly salary of Chinese staff serving him. Of course, it’s not a typical case. Normally during the school year, high school students would just spend part of their weekend (Saturday/Sunday) taking 2-3 hours of private English class, which costs between 700 – 1300 RMB weekly, or 3000 – 5000 RMB per month. Even then, it’s typically more than an average young worker makes in China.
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Since the 1978 market reforms, China has come a long way in terms of socio economic growth. With an ever increasing GDP, the People’s Republic of China is the second largest economy of the world. In terms of influence on global economy China now stands as a rival to United States. Since the past 30 years, China has averaged a 10 percent economic growth rate. Clearly, since the effective reform measures of 1978, China has not looked back.
Background China has recorded the highest economic growth rate in the world and is leading the world’s economic output. It has shifted to a more investment friendly market due to various laws and economic reforms initiated by its government. The ‘one child norm’ was an important step that affected its social and economic dimensions greatly. China contributed to the World recovery during the global economic crisis of 2008. For China, it has been a decade of substantial growth with its GDP registering and maintaining heights. The size of China’s industrial and manufacturing sector has been steadily increasing since the past ten years and the number of poor in the country has significantly decreased aiding in establishing economic equity.
GDP of China The East-Asian country which invented paper currency has jaw dropping recent GDP values. According to the data available, it has a massive GDP growth rate of 9.3 percent annual change. According to the data supplied in 2011, it has a per capita GDP of 5,444.79 US Dollar. It is the world’s fastest growing major economy.
Import and Export China is the world’s largest exporter of goods and second largest importer of goods. The values are mind numbingly impressive. The total export amounts to $2.05 trillion with the total import being $1.817 trillion according to the latest estimates. China is the world’s second largest oil consumer and the largest producer and consumer of coal. The large import and export values make China’s economy key for the stability of world economy. The most widely exported goods of China are data processing equipment, apparel, electrical and other machinery, medical equipment, textiles, iron and steel and optical equipment. The major goods imported in China are oil and mineral fuels, organic chemicals, metal ores, plastic, medical and optical equipment.
Foreign Investment China is a hot spot for foreign investment. China profits from access to foreign markets being a member of the World Trade Organization (WTO). With more than two years of vigorous reforms, China’s foreign investment policies have become strongly investment friendly. A huge number of foreign investors have continued to place their trust in China’s flourishing economy, supporting and nourishing it.
Future Prospects The concept of “Two 100s” described as President Xi Jinping’s Chinese Dream states how active, vigilant and determined China’s leaders are and how seriously they take China’s economy. By 2020, the 100th anniversary of The Chinese Communist Party China aims to become a “moderately well off society.” The next target of China is to become a fully developed nation by 2049, which is the year that will celebrate the 100th anniversary of founding of the People’s Republic.
There is no doubt that China’s economic policy and productive population will soon contribute to its emergence as an economically authoritative nation.