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Reuters
Reuters
Business
By Ella Cao and Ryan Woo

Chinese universities raise tuition fees by as much as 54%

FILE PHOTO: The gate of East China University of Science and Technology is seen in shanghai, China, August 2, 2016. REUTERS/Aly Song AUNI

Chinese universities are drastically increasing tuition fees this year, with some making their first rises in two decades, hurt by a reduced national budget for tertiary education and tight local government finances.

The higher fees come amid a financial crunch among local governments after three years of disruptive COVID-19 policies, a property crisis and a sluggish economy. Chinese universities, almost all public, rely heavily on state funding.

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