February 14, 2003
Private Universities May Profit in China
China's National People's Congress approved a law in late December that gives private colleges the same privileges as publicly supported institutions, including the opportunity to make a "reasonable" profit. Exactly what a "reasonable" profit is, however, has yet to be defined.
The new law, which helps spell out the role of private colleges in China's higher-education system, will increase their number, says Cheung Kwok Wah, a professor at the University of Hong Kong's Faculty of
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