POST Online Media Lite Edition



 

China increases education spending in 2016 to $565.6 billion

Staff Writer |
China spent nearly 3.9 trillion yuan ($565.6 billion) on education in 2016, an increase of 7.57 percent from 2015, according to preliminary statistics released by the Ministry of Education.

Article continues below






Spending on preschool education reached 280.2 billion yuan, up 15.48 percent from the previous year.

Investment in compulsory education totaled 1.76 trillion yuan, an increase of 9.76 percent year on year. Children in China are entitled to nine years of compulsory education.

Expenditure for high schools was 615.5 billion yuan, an increase of 6.75 percent from 2015, while the figure for higher education exceeded 1 trillion yuan, up 6.22 percent from the previous year.


What to read next

Xinjiang offers 15 years of free education
UAE parents pay more than double global average for education
New York investing $25.8 billion in high-quality education