How China’s Education Modernization Policy Impacts Foreign Investors
June 12, 2019 / Hugo Butcher Piat
Two implementation plans to modernize education in China were released by the Central Committee of the Communist Party of China (CPC) and the State Council on February 23, 2019.
The 2018-2022 Plan sets the foundation for the proposed changes, while a separate 2035 Plan will see those strategies implemented up until 2035.The plans outline the government’s education policy to improve China’s education initiatives as the country looks to transition up the value chain by establishing world class education institutes, achieving universal education, promoting domestic innovation, and creating expert educators.What is the direction of China’s education policy?
Detailed strategies to modernize Chinese education are listed in the 2018-2022 Plan and the 2035 Plan, respectively. The strategies are modeled off the United Nations 2030 sustainable development agenda. They will have, both, a direct and indirect impact on FDI into China’s education market.