Yuan and Tuition

china: South China University of Technology, a major public institution in Guangzhou city, was the first, according to Global Times China. The tuition for any arts and science disciplines were increased by 1,500 yuan and 1,690 yuan per year, respectively, to 6,060 yuan and 6,850 yuan. However, this phenomenon is predicted to get even worse now that several provinces in China are planning across-the-board tuition hikes for universities. Universities in Jiangxi Province, Inner Mongolia Autonomous Region and Hainan Province followed suit, raising their average tuition starting this autumn. However, in recent decades, educational costs have been rising exponentially, especially after outdated teaching facilities across China were forced to update their equipment to keep up with the technology revolution of the new millennium. According to the Ministry of Education, public university tuition in China should equal 25 percent of the actual educational expenditures made by the school. (news.financializer.com). As reported in the news.