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RETRACTED: In the Red? Debt levels at higher education institutions in China
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
doi:10.1016/j.sbspro.2010.03.957
fatcat:juiiac44tvetfbep5e2237yaw4