China in­creases ed­u­ca­tion spend­ing

China Daily European Weekly - - News Digest -

China spent nearly 4.3 tril­lion yuan ($675 bil­lion; 569 bil­lion euros; £498 bil­lion) on ed­u­ca­tion in 2017, an in­crease of 9.4 per­cent over 2016, ac­cord­ing to pre­lim­i­nary fig­ures re­leased by the Min­istry of Ed­u­ca­tion on May 8. Spend­ing on preschool ed­u­ca­tion in 2017 reached 325 bil­lion yuan, up by 16.1 per­cent from the pre­vi­ous year. In­vest­ment in com­pul­sory ed­u­ca­tion to­taled nearly 1.94 tril­lion yuan, an in­crease of 9.9 per­cent year-on-year.

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