We look at the some of the reasons why China is increasingly becoming one of the world’s most popular destinations for international students wanting to study business at postgraduate level.
Choosing to study your Masters degree in China could propel your career to incredible heights. China’s importance to world economy cannot be understated. China is the world's most populous country, with a continuous culture stretching back nearly 4,000 years. Here are just a few incredible statistics (and just a few which are interesting!), which illustrate the huge importance of China’s economic growth and why it makes sense to choose to study business in China.
- China has the world's fastest-growing economy and is undergoing what has been described as a second industrial revolution.
- In 2011 China formally overtook Japan to become the world's second-largest economy.
- By 2025, China will build enough skyscrapers to fill ten New York-sized cities (Source BusinessInsider.)
- Chinese GDP is set to overtake the U.S. in less than 15 years
- By 2030, China will add more new city-dwellers than the entire U.S. population. (Source BusinessInsider.)
- China is by far the fastest growing market for American goods. Between 2000 and 2011, U.S. exports to China rose 542 percent, while its exports to the rest of the world rose by only 81 percent during that period. (Source Forbes.)
- China has the highest labour productivity growth rate of all the major economies in the world. (Source Forbes.)
- America's fastest "high speed" train goes less than half as fast as the new train between Shanghai and Beijing (150 mph vs 302 mph) (Source BusinessInsider.)
- China has a population of 1,347,350,000. The government recently changed its one child per family policy to allow households to have two children, in order to rebalance the population.
- The global financial crisis of 2009 initially hit China hard, but its economy was among the first in the world to rebound, quickly returning to growth.
Graduate study in China
The Chinese government continues to invest heavily in the nation’s higher education system. Chinese universities have a strong and growing international reputation.
China has 465 educational institutions which accept international students, however most courses are taught in Mandarin. In order to get onto one of these courses you would need to take the Hanyu Shuiping Kaoshi (HSK) test.
There are 30 prestigious institutions which teach graduate business degrees in English, these include: CEIBS, Fudan University School of Management, Tsinghua Univesity School of Economics and Management, Shanghai Jiao Tong University Antai College of Economics and Management and Nanjing University School of Business.
Graduate programs in China can be divided into two main categories:
• Masters degrees
• Doctoral degrees (PhD)
Masters degrees in China will normally take between two and three years to complete, where as doctoral degrees will usually take three years.
Immigration/Visas to study in China
If you are not from China and intend to study there on a graduate programs which lasts longer than 6 months you will need to apply for a student visa (X-visa). Applicants will need the following:
• A passport valid for at least six months after arriving in China
• A health certificate legalised by the Chinese Embassy
• A Letter of Admission, Foreign Student Visa Application Form (JW202) issued by the relevant Chinese government unit
More information about visas can be found on the website for the Chinese Embassy in your country of origin.
The cost of accommodation in China of course varies depending on which part of the country you decide to take your graduate degree in. Generally, there are two -types of accommodation for students:
•University accommodation – on campus dorms
•Private accommodation – house and flat rentals
Accommodation costs are higher in bigger cities like Beijing and Shanghai. As a guide. Generally speaking costs can vary between £90 and £200 a month, making China an extremely affordable place to choose to study.
China has a transport infrastructure which is rapidly becoming the envy of the world. It varies a lot depending on which part of the country you are in and generally speaking urban areas have highly modern transport systems.
Costs for using China’s public transport system vary depending on which city you to study in. As a rough guide, you can expect to pay the following:
• Bus fare – Under £0.10 to £0.25
• Taxi – Around £0.25 per kilometre
• Train from Beijing to Shanghai – £35-£55 depending on the type of train
Find more information about Studying in Asia