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During the 1950-1980 period,
there was just one investment channel for education -
the government. The government drew up a unified development
plan for education and development was entirely financed
by budgetary appropriations. Under this system, education
faced a serious shortage of funds and schools had no need
for efficiency. After the 1980s, in a number of major
education-related laws and regulations, the government
proposes that the initiative of social quarters in running
schools be brought into full play, that government appropriations
for education be used mainly for making compulsory education
universal and for covering the bulk of expenses of higher
education, and that, at the non-compulsory education stage,
the proportion of tuition in overall school expenses be
increased appropriately. A new education investment system
is taking shape in China, under which government budgetary
appropriations continue to cover the bulk of educational
expenses while funds for education are raised through
other channels.
At present, educational funds
in China come mainly from the following sources:
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