The Implementation Plan of Reform on Vocational Education and the Modernization of China Education 2035 issued by the State Council in February has clearly presented a positive attitude towards higher education sector. The government work report published in March and document issued by the Ministry of Education in April also showed the government’s positive attitude towards private vocational education. Furthermore, the central government is expected to encourage further development of private vocational education amid China’s declining demographic dividend in order to avoid a surge of unemployment rate. Large companies within the vocational education sector are expected to gain a huge boost on their expansion speeds and revenues. As a result, we remain bullish on Chinese higher education sector.
Bloomberg, The State Council, Ministry of Education