China's elite universities eye alumni wallets
Forbes.com: A decade ago, then-President Jiang Zemin said he wanted to transform China's top universities into world-class institutions fit for the 21st century. But attracting the world's best faculty, funding top-notch research and expanding campuses doesn't come cheap.
Since Chinese universities receive the bulk of their funding from tuition and the government--income sources that remain flat from year to year--they must turn elsewhere for the extra cash. So the elite ones are now focused on developing the kind of powerful private fund-raising machines that have made top U.S. universities so rich.
Since Chinese universities receive the bulk of their funding from tuition and the government--income sources that remain flat from year to year--they must turn elsewhere for the extra cash. So the elite ones are now focused on developing the kind of powerful private fund-raising machines that have made top U.S. universities so rich.
