China investing $250B a year to produce more college grads

Like the United States did with the G.I. Bill after World War II, China is investing heavily to education tens of millions of students who are migrating from rural to urban China. The New York Times is reporting that China’s $250 billion-a-year investment is aiming to produce 195 million college graduates by the end of the decade, which could produce a more robust middle class, just as the G.I. Bill did for the U.S. in the 1950s. China, The Times report says, wants speed up development by creating… Reported by bizjournals 4 hours ago.