Chinese Colleges Owed Millions of Yuan in Unpaid Loans – Xinhua

From Xinhua:

Many Chinese colleges and are owed millions of yuan because students are unable to, or choose not to, pay back , the Ministry of Education said on Monday.

“We have found that many universities and colleges have several million yuan of defaulted tuition fees, some have nearly a billion,” Cui Bangyan, a senior ministry official said at a press conference in Beijing….[Full Text]

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