China is a nation that gives a lot of importance to education and growth in technology.In past decades, there has been an increase in government funding to educational institutions in China. This shows that the government has been giving more importance to the education. Before the decentralization of institutions in 1998, the largest proportion of the funding came from the central government, which accounted for 35.5% of the public system of education. The remaining came from local governments. These factors had subsequently changed after the liberalization of the policies for backing of educational institutions.
In 2009, the number of students in the nation was 255,976,000. It is essentially a young country of these 28,265,000 around 24.2% of the students were in higher learning Chui and Khoo (577). The gross enrolment rate of the student population for the higher learning institutions was high. The country as a whole has ambitious 2020 year plans. To cater these student enrolments in the higher education, there must be teaching staff. The numbers of schools and teaching staff that are currently present in the nation have been detailed in the following.
For the access to the latest educational resources and technology, it is imperative to have a cohesive perennial financial flow. The educational finance system is marked by multi-channel fundraising system. According to 2009 fiscal data, the total income of the educational institutions was 1,450,070m Yuan. Of this, 72.1% of the public education fund was directly provided by the government. In this case the other 27.9% of the funding are from non-government educational sources [92.7% of the funding for the educational institutes are from governmental educational funds. The educational institutions now have multiple sources of funding. This was previously funded solely by the government. Now this situation has changed considerably.