February 27, 2009
A Poor Job Market and a Steady Currency Feed 'Overseas-Study Fever' in China
The Chinese news media have a name for the craze that has gripped students here in the past few years: "overseas-study fever." And despite the worsening global financial crisis and a slowing domestic economy, it shows little sign of letting up.
Recruiters say a high household savings rate, a difficult job market, and a steady currency, the yuan, combine to keep foreign study popular in China. That is a significant difference from India, where students who rely on loans to pay overseas
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