Country’s rich sending children abroad
The Chinese super rich are banking on foreign education for their teenage children as an investment. Going overseas for a university degree has always been an option for the children of the wealthy, but now parents are sending their children overseas for secondary education also. The United Kingdom is their first choice with the United States second and Canada third, according to the Chinese Luxury Consumer Survey 2014, published by the Hurun Report, which polled 400 parents who each had at least 10 million yuan ($1.6 million) in disposable income. For undergraduate study, the rankings are reversed with the US topping the list, the UK second and Australia third. Engineering, economics and business studies are the most popular among Chinese students.
Source: China Daily
URL: http://www.chinadaily.com.cn/china/2014-02/20/content_17293188.htm
