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Bankruptcy of universities
(China Daily)
Updated: 2010-03-31 08:25
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Economist Gu Hailiang, president of Wuhan University, alleges that the bankruptcy of some higher education institutions is unavoidable because of the decline in the number of students. But universities are not as bankrupt as it sounds, says an article of scol.com.cn. Excerpts:
The lack of students and the uneven distribution of educational resources have caused an unprecedented crisis. Such crises shouldn't be ignored. Some higher education institutions, especially private ones, will be forced to reform themselves to face new challenges. Or, they will be outdated soon.
The "great-leap-forward like" enrollment in higher education institutions initiated 10 years ago has given rise to a problematic structure. The lack of quality teachers and research faculties has turned out to be the greatest problem for some low-level education providers.
A higher education institution is going through a market selection process after 10 years of extensive development. Universities should maintain their balance with education and market demands, and should focus more on vocational education. Education resources ought to be distributed reasonably in the neediest fields. So the crisis can be regarded as a turning point for the higher Chinese education turn to intensive development.
(China Daily 03/31/2010 page9)
