Universities face bankruptcy

Beijing - A number of Chinese universities with some of the world's largest student enrollments are facing bankruptcy in the next decade due to dwindling applications, the head of a major institution has said.

"With the end of the baby boom, we will see less students aged between 18 and 22 years old entering college," said Wuhan University president Gu Hailiang.

"Some schools, particularly private universities and independent colleges, are facing financial challenges," Gu was quoted by the China Youth Daily as saying on Wednesday.