The Debt Crisis in China's Colleges and Universities: Causes, Resolutions and Contradictions
I. Causes of the Debt Crisis
A. Concern over Lack of Funds
Extending loans to China's state-owned colleges and universities dates back to 1999, when they confronted with an inadequate supply of educational recourses due to an increase in enrollment. State-owned commercial banks trained employees to be knowledgeable about bank operations and risk to avoid blindly extending loans to enterprises. The bank…
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“The Debt Crisis in China's Colleges and Universities: Causes, Resolutions and Contradictions”, in:
Chinese Research Perspectives Online, Edited by: International Advisory Board Chinese Research Perspectives Online.
Consulted online on 27 July 2017 <http://dx.doi.org/10.1163/2213-6002_crpn_C9789004171787_019>