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New Oriental Became the First Chinese Education Company Listed In USA - China Education and Training Industry Report, 2006-2007

Posted on: Saturday, 3 February 2007, 06:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c49719) has announced the addition of China Education and Training Industry Report, 2006-2007 to their offering.

China education industry has experienced a rapid growth since reform and opening-up. Taking the higher education for example, in 2005, the total number of regular institutions for higher education and adult higher education institutions reached 2273 units, up 37 units over last year. Of these, the former increased by 61 to 1792 units including 701 undergraduate colleges and 1091 higher vocational (specialized) colleges; the latter decreased by 24 to 481 units over 2004. Among 766 institutions for postgraduates study, 450 were higher education colleges and 316 were scientific research institutes. Meanwhile, education and training for vocational skills also made a great progress. The statistics from Ministry of Education show that, in 2005, graduates from non-formal adult educations held by national higher education schools reached 3,733,900; graduates from non-formal secondary educations amounted to 67.438,700 and students of completing the vocational trainings reached 59.341,900. There were 198,600 schools/institutions for vocational technology training with teaching staff 526,200 including full-time teachers of 256,000. The skills training centers for adults have achieved a large scale but the quality and standard need be further improved.

Private education plays an important role in China education and training industry. In 2005, there were 86,200 private schools (education institutions) excluding 29,000 private training centers, enrolled students reached 21.681 million. Of these, private secondary vocational schools totaled 1.5414 million enrolled students and 149,100 non-formal students in 2017; private higher education schools was up to 252 with 1.0517 million enrolled students including 104,100 undergraduate students, 947,600 junior college students and 191,800 students in other forms of education; academies amounted to 295 with 1.0746 million enrolments including 900,900 undergraduate students, 173,700 junior college students and 3,300 students in other forms of education; private higher education institutions reached 1077 units with 1.0915 million enrolled students. Besides, there were 29,048 private training centers and 8.895 million people took part in the training courses.

With its list in the USA on Sep 7, 2006, New Oriental became the first Chinese education company listed in USA. As global powerful education institutions will constantly surge into China while domestic strong counterparts have to strive for further advancement, Chinas private education industry will face increasingly fierce competition for the future.

Chinas education and training industry generates a rapid growth but is baffled by some bottlenecks: firstly, the market concentration degree is not so high and chain-store operation is scattered. There are only a small number of national authoritative education and training institutions, and even, all of them are at different levels. Secondly, with a short-time operation, the teaching reform of chain enterprises has to be deepened. Without outstanding operating features and their own curriculum system, many projects damaged the benefits of students. In addition, the enthusiasm of investment from potential franchisers is expected to be aroused. Moreover, as a supplementary to formal education, the training education has been developing under the support of private fund, so it always encounters capital bottleneck while making an expansion.

Key Topics Covered inside this Research:

1 Overview of education and training industry

2 Development environments

3 Development status of private education

4 Development of vocational education

5 Development of training market

6 Investment in education industry

7 Notable education and training enterprise

8 Regional education and training market

List of Charts

For more information visit http://www.researchandmarkets.com/reports/c49719

Source: Business Wire

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