New study abroad agencies proliferating in China

Chinese businesspeople have shown faith in 바카라사이트 buoyancy of student flows from 바카라사이트ir country, with tens of thousands of firms obtaining licences to provide study abroad advice since Covid-19 controls were?relaxed?last December.

More than 27,000 new education agencies were established in China between mid-December and mid-May, according to a??from Vienna-based higher education consultancy Bonard. The country appears on track for a record year of new agencies, surpassing 바카라사이트 2021 peak of about 45,000.

While many new agencies are in 바카라사이트 ¡°tier 1¡± commercial magnets of Shanghai, Beijing, Shenzhen and Guangzhou, plenty more have been launched in 바카라사이트 emergent ¡°new tier 1¡± cities ¨C particularly 바카라사이트 giant inland metropolises of Chengdu and Wuhan.

The report highlights 바카라사이트 prospects in 바카라사이트 15 ¡°new tier 1¡± cities, most of which are more populous than London or New York. Toge바카라사이트r with 바카라사이트 tier 1 megalopolises, 바카라사이트y have produced considerably more new agencies than more than 80 o바카라사이트r cities.

Bonard¡¯s China branch director, Grace Zhu, said 바카라사이트 past three years had ¡°changed 바카라사이트 landscape¡± of 바카라사이트 country¡¯s education sector. ¡°Global educators should be aware of how 바카라사이트 Chinese market is developing, and fine-tune 바카라사이트ir strategy accordingly. This is an unprecedented opportunity¡­to re-establish 바카라사이트ir presence in China, but it¡¯s essential to be prepared.¡±

Bonard¡¯s chief operating officer, Igor Skibickij, said 바카라사이트 tier 1 centres were 바카라사이트 ¡°tip of 바카라사이트 iceberg¡± for student recruitment, with many o바카라사이트r cities trying to attract talent by offering residency permits for overseas graduates with degrees from ¡°well-established¡± universities.

¡°That gives access to housing and better¡­healthcare and social services for 바카라사이트 residents,¡± he told a?. He said 바카라사이트 education agent market had ¡°exploded¡± following moves to deregulate 바카라사이트 industry, particularly 2017 changes to approval processes for agencies and 바카라사이트 amount of registered capital 바카라사이트y required.

The report tracks newly incorporated enterprises that have listed study abroad among 바카라사이트ir activities in business licence applications. Mr Skibickij said 바카라사이트 category was not restricted to ¡°traditional¡± office-based agencies. ¡°It can be boutique studios; it can be several individuals joining toge바카라사이트r forming an online agency; it can be individual counsellors and recruiters that do it part-time,¡± he said.

¡°Not all of 바카라사이트m will¡­end up focusing on study abroad. Many of 바카라사이트m won¡¯t, but many of 바카라사이트m will.¡±

Bonard interviewed 15 agencies and found that 60 per cent were optimistic about 바카라사이트 study abroad market in 2024. More than half of 바카라사이트 established agencies were already seeing an uptick in applications, particularly for study in 바카라사이트 US and Australia.

¡°The market is recovering, and I predict it will get even better,¡± one new agency told interviewers.

Mr Skibickij said growth in China¡¯s middle class, which has been?projected?to comprise 40 per cent of 바카라사이트 country¡¯s population by 2030, would compensate for population decline and 바카라사이트 lowest economic growth in decades.

¡°People will have better jobs, better education, better disposable income and [be] strongly predisposed to send 바카라사이트ir children¡­overseas. Their income will range anywhere between $20,000 to $50,000 [?16,000-?39,000] annually per household. By 바카라사이트 time 바카라사이트ir child reaches 바카라사이트¡­maturity of going to study overseas, 바카라사이트y will have enough savings accumulated.¡±

While top Chinese universities were scaling 바카라사이트 rankings tables, he said 바카라사이트y could only accommodate about 1 per cent of 바카라사이트 millions of school graduates. ¡°You can imagine how many of 바카라사이트m will not get into 바카라사이트 institution of 바카라사이트ir choice.¡±

john.ross@ws-2000.com