In the Red? Debt levels at higher education institutions in China
- 教研院－会议论文 
Borrowing from banks has become common practice among Chinese higher education institutions (HEIs), and operating with a heavy debt load has become a feature of Chinese higher educational development. Substantial financial commitments by HEIs during their rapid expansion since 1998 are now having serious consequences: numerous universities and colleges have found themselves with major debt problems and some are facing insolvency. This paper describes the background of Chinese HEIs' debt problem, assesses the present debt and repayment situation, and suggests a possible solution for the bank debt crisis, using empirical evidence from one HEI in China. (C) 2010 Elsevier Ltd. All rights reserved.