Go back

China’s universities debts, tsunami damage, Singapora…

This week in world in brief: China’s universities have $40bn debts, Japan’s universities count cost of tsunami damage, boost for Singapore’s clean energy, and more.

China’s universities have $40bn debts

More than 1,100 universities in China had a total debt of $40.69 billion by the end of 2010, a senior official from the National Audit Office of China said on 3 July. Despite attempts a few years ago to write off the worst of the debts, the government could not support the rapid growth in student numbers and in institutions. As a result, universities turned to banks for loans. At the peak of expansion in 2006, university debt to banks reached a record $77bn and many had to be bailed out by state governments.

This article on Research Professional News is only available to Research Professional or Pivot-RP users.

Research Professional users can log in and view the article via this link

Pivot-RP users can log in and view the article via this link.