[photopress:MBA_National_College_Entrance_exam.jpg,full,alignright]According to a new report from the Manufacturers Alliance/MAPI released June 10 China’s increasing investment in its educational system will accelerate the move toward rapid wage growth, higher levels of consumer demand, slowing population growth, and overall economic development.
The report, China’s Educational Performance: Implications for Global Competitiveness, Social Stability, and Long-Term Development finds that since the 1990s when China made higher education a priority, the share of graduates from senior secondary schools who continued on in higher education rose significantly, from nearly 50% in 1995 to 75% by 2006.
China’s progress in higher education enrollment places it in the mid-range of the enrollment status of major developing and industrialized nations.
But in 2006, 36% of Chinese undergraduate degrees and 37% of graduate degrees were awarded in engineering.
Comparable data for 2004 show that only 6.2% of U.S. undergraduate degrees were in engineering.
Source: Industry Week