The Debt Crisis in China's Colleges and Universities: Causes, Resolutions and Contradictions
I. Causes of the Debt Crisis
A. Concern over Lack of Funds
Extending loans to China's state-owned colleges and universities dates back to 1999, when they confronted with an inadequate supply of educational recourses due to an increase in enrollment. State-owned commercial banks trained employees to be knowledgeable about bank operations and risk to avoid blindly extending loans to enterprises. The bank…
Cite this page
“The Debt Crisis in China's Colleges and Universities: Causes, Resolutions and Contradictions”, in:
Chinese Research Perspectives Online, Edited by: International Advisory Board Chinese Research Perspectives Online.
Consulted online on 22 November 2017 <http://dx.doi.org/10.1163/2213-6002_crpn_C9789004171787_019>