Asians have always had the reputation of being wizards in Math and other subjects that require analysis and logic. It has something to do with how they put emphasis on education-which is now a hot topic among Asian investors. The market for private education has grown leaps and bounds, and it may have something to do with the burgeoning middle-class of China. With the economy becoming more globalized, according to World Property Journal, parents who can afford private education are eyeing it for their children. Other factors that contribute to these families being able to afford it include double-income households and smaller family sizes compared to before. As a result, parents can now hope to arm their children to perform better in a global environment.
China's economic surge has also made parents able to afford first-class education for their children, as they should. It can be argued that it's 'encouraged' by the country. Currently, China is the most successful country in terms of sheer GDP and per-capita income growth values, and as such, is making every measure to make sure it stays in that position for a very long time. Hong Kong has answered the call, or so it seems. Phuket News has stated that a rise of 92 (2000) to 177 (2017) was seen in the Chinese territory of Hong Kong. The island state is known for its excellence in education. Even other countries like China, Japan, Vietnam, and Thailand have experienced a sudden surge with parents sending their children to first-class, English-language educational firms.
Despite the popularity of the trend, educational institutes trying to open in the Chinese market are facing difficulties. It is because of China's imposition of restrictions on foreign-fund ownership. Typically, foreign investors must enter partnerships with local entities in the pursuit of opening a school or a business on Chinese soil. It is the same elsewhere in the Asian continent, however, making China's rules par for the course in a region where people are very defensive of their properties.
That being said, new forms of teaching are being introduced by the fast rise of technology. Institutes can and have already offered courses online, a capability offered by the fast Internet and the rise of online schools. With these becoming popular, even rules such as foreign-local partnerships may be overcome, and in the end, the true pursuit of education may win out eventually.
