RETRACTED: In the Red? Debt levels at higher education institutions in China

Daguang Wu, Yan Gao
2010 Procedia - Social and Behavioral Sciences  
Borrowing from banks has become common practice among Chinese higher education institutions (HEIs), and operating with a heavy debt load has become a feature of Chinese higher educational development. Substantial financial commitments by HEIs during their rapid expansion since 1998 are now having serious consequences: numerous universities and colleges have found themselves with major debt problems and some are facing insolvency. This paper describes the background of Chinese HEIs' debt
more » ... HEIs' debt problem, assesses the present debt and repayment situation, and suggests a possible solution for the bank debt crisis, using empirical evidence from one HEI in China.
doi:10.1016/j.sbspro.2010.03.957 fatcat:juiiac44tvetfbep5e2237yaw4