| Last updated at: (Beijing Time) Thursday, November 15, 2001 |
Investment Needed to Beef Up Education |
|
China should invest more in its education industry so as to back economic growth, experts told a forum on urban development and educational economy Wednesday.
|
|
 |
|
|
|
|
China should invest more in its education industry so as to back economic growth, experts told a forum on urban development and educational economy Wednesday.
The research of Yang Zhongguang, vice-president of the China Association of Urban Economics, indicates that education contributes up to 30 percent of the economic growth of developed countries.
However, China has only contributed 10 percent.
Experts said the government's low in education is the main problem.
Official statistics show that government spending on public education should exceed 4 percent of the state's gross domestic products (GDP), far greater than China's governmental contribution.
A survey indicates that Chinese citizens are willing to use 10 percent of their six trillion yuan bank savings for educational purposes.
|
|
|
|