Fastest Growing US Export To China: Education
hackingbear writes "While we are importing billions of 'cheap' products labeled 'Made in China,' the fastest growing export from U.S. to China does not even need a label. Chinese parents are acutely aware that the Chinese educational system focuses too much on rote memorization, so Chinese students have flocked to overseas universities and now even secondary schools, despite the high cost of attending programs in America. Chinese enrollment in U.S. universities rose 23% to 157,558 students during the 2010-2011 academic year, making China by far the biggest foreign presence. Even the daughter of Xi Jinping, the presumed next president of China, studies as an undergraduate at Harvard. This creates opportunities for universities to bring American education directly to China. Both Duke and New York University are building campuses in the Shanghai area to offer full-time programs to students there."
Disclaimer: I am from China.
From where I stand and what I observed from my friends and relatives, one important reason of sending their kids abroad is because they want to evade some of the selection process in the Chinese education system, like the national entrance exam for colleges, which is extremely competitive. Do they really care about the quality of the education? I am not so sure. It is a strategic and trendy thing to do, at least for many families I know.