Australia’s universities are taking a multi-billion-dollar gamble with taxpayer money to pursue a high-risk, high-reward international growth strategy that may ultimately prove incompatible with their public service mission. Their revenues are booming as they enrol record numbers of international students, particularly from China. As long as the China boom continues, the universities’ gamble will look like a success. If and when the China bubble bursts, taxpayers may be forced to step in to clean up the mess.
The CIS Analysis Paper The China Student Boom and the Risks It Poses to Australian Universities published this week pulls together data from universities, state and Commonwealth agencies, foreign governments, international organisations, and press reports to present a full picture of the risks being taken by Australian universities in enrolling unprecedented numbers of Chinese students.
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