AUSTRALIAN EDUCATION MINISTER CLAIMS THAT RISING VALUE OF AUSTRALIAN DOLLAR CREATES DROP IN DEMAND BY CHINESE STUDENTS:
Australian Tertiary Education Minister Chris Evans warned that the nation’s universities have taken a big hit, with the rising currency causing a drop in demand by Chinese students. The appreciation of the Australian dollar meant that an education for a Chinese student in Australia was now 50 percent more expensive than it was at the start of 2009.
Source: XinHua Net
Editor’s Note: Over the summer 2010, GrokChina conducted extensive research into the Chinese market as it relates to Australia. Cost of education in Australia was one of the factor evaluated in our study. We did find a shift in perceptions of Australia, but our results did not support the contention that rising costs were the underlying reason for these shifts.