February 17, 2006
The Wild, Wild East
Foreign universities flock to China, but are there riches to be made, or just fool's gold?
The past few years have seen explosive growth in the number of foreign colleges and universities that have poured into China.
The country first opened its doors to such ventures in 1995. Today more than 700 foreign academic programs operate here, according to the International Finance Corporation, an arm of the World Bank. American institutions — ranging from large publics such
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