Marketization of higher education


Marketization is one of the most prominent features of the reform in Chinese higher education shown by the expansion of autonomy of HEIs, the increase in funding channels, the establishment of the ‘two-way selection’ or ‘graduates-meeting-employers’ graduate employment system, the reform of personnel and distribution systems and socialization of logistics at HEIs. The dual natures and dual functions of higher education determine the feasibility of marketization. With the reform and opening up and development of a market economy, the marketization of higher education expanded gradually. Massification of higher education and the universities’ financial crisis also sped up the establishment of the ...

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