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Alive education needs injection of private capital

The government spending on education accounted for 4 per cent of the country's GDP in 2012. The global average level is 4.9 per cent. It is 5.1 per cent in advanced countries. It is 4.1 per cent in under-development countries. The author calls for private investment in education industry. In 2012, Guangzhou municipal education bureau spent RMB 305 million on preschool education. Private kindergartens occupied 70 per cent of kindergartens in Guangzhou. They got RMB 100 million in total. Eight public kindergartens belonging to Guangzhou municipal government received RMB83.5m fund in total. Reports cyol.com