Jilin University is crying for help from whom? -Zhao Mu (赵牧)

Chinese blogger Zhao Mu published following commentary on his sohu blog. Translated by a Hong Kong based blogger and published on his Reading China blog:

Jilin university is in financial crisis. It cried for help a few days ago.

A few days ago, the finance office of the Jilin University put up a notice on campus internet: “Notice: A consultative conference on the solution to the financial difficulties of the Jilin University ”

Although this notice is on campus website and “collecting proposals of financial solution” targeting all teachers and students, all people know that the Jilin University’s revelation of its embarrassing problems will certainly become a nationwide topic when the notions about higher education institutions’ bankruptcy has been circulated widely and hotly debated. And all know who could save these universities who are so indebted that they could not afford to pay interest.

How much money has the Jilin University borrowed crazily from bank? What did they spend the money on? [Full Text]

March 25, 2007 6:29 PM
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Categories: Economy