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More students choose to study abroad

&$ &$The Chinese characters liu xue (study overseas) on a banner as several high school students ask for information about overseas universities at an undergraduate recruitment consulting event in Nanjing, capital of East China’s Jiangsu province. (Photo / China Daily)&$ &$ While millions of her peers are revising intensively for this year’s national college entrance exam, which falls on June 7 and 8, Su Zixuan i …

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&$The Chinese characters liu xue (study overseas) on a banner as several high school students ask for information about overseas universities at an undergraduate recruitment consulting event in Nanjing, capital of East China’s Jiangsu province. (Photo / China Daily)&$
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While millions of her peers are revising intensively for this year’s national college entrance exam, which falls on June 7 and 8, Su Zixuan is able to feel rather more relaxed.

After getting an offer from the University of Illinois at Urbana-Champaign in March, the 17-year-old is one of thousands of Chinese students heading overseas for her higher education.

The number of Chinese students studying abroad has rapidly increased in recent years. For the 2009 to 2010 academic year, a total of 229,300 Chinese students were being educated abroad, up 30 percent from the previous year, according to statistics released by the Ministry of Education.

“Since 2000, the number of Chinese students abroad increased at an average annual rate of 20 percent. By 2014, the number is expected to hit 550,000 to 600,000,” said Sang Peng, director of the Beijing Overseas-Study Service Association.

Industry experts pointed out that there is a prevailing trend of Chinese students studying overseas at a younger age.

“Not long ago, the majority of Chinese students went abroad to pursue a master’s degree or PhD. Undergraduates only accounted for 30 percent of the total,” said Richard Yang, director of Aoji Enrolment Center of International Education Ltd, part of the Aoji Education Group.

It is likely this will change over the next three years. Those in high school or undertaking undergraduate studies are expected to make up 70 percent of those being educated abroad. Of them, students in higher education will make up 30 percent, Yang said.

Chen Hua, business director of Beijing-based intermediary agency Wiseway International Co Ltd, believes high school graduates will become the main component of students studying abroad from 2011.

This trend is also reflected in the fact that the number of Chinese students sitting the college entrance exam is in a downward trend.

Some 9.57 million high school students across China registered to take the college entrance exam in 2010, approximately 650,000 fewer than the previous year, and 930,000 fewer than 2008, figures from the Ministry of Education showed.

In Beijing, it is the fifth year in a row that the numbers have fallen. About 76,000 students signed up to take the exam this year, down 6 percent from a year earlier, marking the lowest ever application level, according to Beijing Education Examination Authority.

So, what is behind the lowering age of overseas Chinese students?

First, going abroad is an alternative to the national college entrance exam, which has long been described as a stampede of “thousands of soldiers and tens of thousands of horses across a single log bridge”.

“I decided to send my 14-year-old son to Australia for his high school education this autumn because there is too much pressure on him to prepare for the college entrance exam,” said Zhang Ran, a manager of a pharmaceutical company in Beijing.

“The enormous pressure will definitely harm a child’s physical and mental health, and I don’t think it’s&

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More students choose to study abroad

China has generally implemented reforms in a gradualist or piecemeal fashion.

The Chinese government faces numerous economic development challenges, including:
(a) reducing its high domestic savings rate and correspondingly low domestic demand through increased corporate transfers and a strengthened social safety net;
(b) sustaining adequate job growth for tens of millions of migrants and new entrants to the work force; (c) reducing corruption and other economic crimes; and
(d) containing environmental damage and social strife related to the economy’s rapid transformation.

China is the world’s fastest-growing major economy, with an average growth rate of 10% for the past 30 years.

Nevertheless, key bottlenecks continue to constrain growth.

The two sectors have differed in many respects.

China has acquired some highly sophisticated production facilities through trade and also has built a number of advanced engineering plants capable of manufacturing an increasing range of sophisticated equipment, including nuclear weapons and satellites, but most of its industrial output still comes from relatively ill-equipped factories.

China’s increasing integration with the international economy and its growing efforts to use market forces to govern the domestic allocation of goods have exacerbated this problem.

The ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade.

From January to June, the ODI in financial sectors was up by 44 percent to $17.9 billion, and in July alone, the ODI recorded $8.91 billion, the highest this year.

China is expected to have 200 million cars on the road by 2020, increasing pressure on energy security and the environment, government officials said yesterday.

China’s challenge in the early 21st century will be to balance its highly centralized political system with an increasingly decentralized economic system.

Since the late 1970s, China has decollectivized agriculture, yielding tremendous gains in production.

Except for the oasis farming in Xinjiang and Qinghai, some irrigated areas in Inner Mongolia and Gansu, and sheltered valleys in Tibet, agricultural production is restricted to the east.

China ranks first in world production of red meat (including beef, veal, mutton, lamb, and pork).

Oil fields discovered in the 1960s and after made China a net exporter, and by the early 1990s, China was the world’s fifth-ranked oil producer.

There are large deposits of uranium in the northwest, especially in Xinjiang; there are also mines in Jiangxi and Guangdong provs.

China’s exploitation of its high-sulfur coal resources has resulted in massive pollution.

Since the 1980s China has undertaken a major highway construction program.

Business

Business Update: Southern Sun Reports Earnings Growth; China Stimulates Property Market – News24

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Southern Sun reports increased earnings, attributed to growth in the hospitality sector, while China’s property market receives a boost, reflecting economic recovery and renewed investor confidence.


Southern Sun Earnings Surge

Southern Sun has reported a significant increase in its earnings, showcasing solid financial performance amid evolving market conditions. This growth highlights the company’s resilience and adaptability to changing consumer demands, positioning it well for future opportunities in the hospitality industry.

China’s Property Market Recovery

In a bid to rejuvenate its economy, China has introduced measures to boost its property market. These initiatives aim to stabilize real estate prices and encourage investment, which is crucial for maintaining economic momentum. The government’s commitment to supporting the sector reflects its understanding of the industry’s importance in overall economic health.

Broader Economic Implications

The rise in Southern Sun’s earnings and China’s proactive approach to revitalizing its property market indicate broader economic trends. Investors and stakeholders are keenly observing these developments, as they may signal recovery and growth opportunities in both the hospitality and real estate sectors. The collaboration between local businesses and governmental actions will be pivotal in shaping future economic landscapes.

Source : Business brief | Southern Sun sees earnings rise; China boosts its property market – News24

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China

Vietnam’s Approach to China: A Balance of Cooperation and Struggle

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Vietnam’s diplomatic strategy seeks a balance of cooperation and struggle with China, focusing on strengthening ties while resisting encroachments in the South China Sea through military enhancements and regional partnerships.


Vietnam’s Diplomatic Strategy

Vietnam’s diplomatic approach seeks to maintain a delicate balance between cooperation and struggle with China. While concerned about China’s growing influence, particularly in the South China Sea, Hanoi focuses on strengthening its economic and political ties. This effort involves military enhancements, fostering relationships with regional powers, and engaging in frequent political dialogues. By skillfully navigating relations with major powers, Vietnam aims to protect its sovereignty and foster stability amidst evolving geopolitical dynamics.

Recent Developments and Implications

Hanoi’s diplomatic maneuvering has drawn attention, particularly regarding key visits like Vietnamese Communist Party General Secretary To Lam’s August 2024 trip to China. Although there are apprehensions about a potential shift in Vietnam’s alignment due to To Lam’s background in public security and his anti-corruption initiatives, it is premature to predict any significant changes in policy. Vietnam’s leaders must continuously seek a balance between peaceful coexistence with China and safeguarding national sovereignty.

Economic Interdependence and Military Modernization

Vietnam’s strategy involves fostering economic interdependence with China while simultaneously resisting encroachments. This paradigm of “cooperation and struggle” enables Hanoi to cultivate beneficial ties in economic, political, and security domains. By leveraging its geographical advantage and connections, Vietnam enhances its economic ties while countering threats through military modernization and cooperation with regional partners. This nuanced approach allows Vietnam to welcome trade, particularly amidst shifting dynamics from the US-China trade war, ensuring continued foreign direct investment and growth in key sectors.

Source : Cooperation and struggle define Vietnam’s approach to China

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China

2025 Schedule of Public Holidays in China

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China’s 2025 public holiday schedule increases holidays by two days, with an 8-day Spring Festival and a 5-day Labor Day. Adjustments address public frustration, though long work periods persist. Notably, weekends are often designated as workdays to balance extended breaks.


China has released its 2025 Public Holiday schedule. Compared to 2024, the number of public holidays for all citizens has increased by two days, specifically for Lunar New Year’s Eve and May 2nd.

The announcement also clarifies the adjusted holiday arrangements, stating that the continuous work period before and after statutory holidays generally should not exceed six days, except for certain special circumstances.

According to the notice, in 2025, the Spring Festival will have an 8-day holiday, the Labor Day holiday will last 5 days, and the National Day and Mid-Autumn Festival will jointly have 8 days off.

China has long been considered one of the least generous countries in terms of public holidays. Additionally, people have expressed frustration over the complicated adjustments to holiday and working days that are meant to create longer breaks. The newly introduced changes are expected to address these concerns to some extent.

Beyond the newly introduced changes, China’s 2025 public holiday schedule still features two major week-long holidays: Spring Festival (also known as Chinese New Year) and the National Day holiday (often called ‘Golden Week’).

In 2025, the Spring Festival falls between January 28 and February 4, and the National Day holiday, together with the Mid-Autumn Festival, fall between October 1 and 8.

Foreign human resource managers should note that Saturdays and Sundays are often marked as additional official workdays in China to compensate for long holiday breaks. For example, January 26 (Sunday) and February 8 (Saturday) are designated as workdays to partially offset the eight days off for the Spring Festival.


This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in ChinaHong KongVietnamSingapore, and India . Readers may write to info@dezshira.com for more support.

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