“What we are seeing now is the softness of the enthusiasm of Chinese students and their parents. … [+]
An increase in the number of Chinese students attending American universities has benefited domestic students and benefited the American economy. About a third of her over one million international students in the United States are from China, and their contribution to the U.S. economy equates to approximately $15 billion in export earnings annually.
According to John Kerch, dean of the University of Miami’s Herbert Business School and a longtime leader in business education in both the United States and China, American universities remain among the best in the world, but among the group American schools are becoming less attractive.
In an interview at the U.S.-China Business Forum at Forbes in New York, Kerch said, “What we’re seeing at the moment is that Chinese students and their parents are less enthusiastic about enrolling at U.S. institutions. ‘ said. on tuesday.
“Over the past decade, Australia, Canada, the UK and other European countries have stepped up efforts to attract Chinese students.” , the United States has not always been kind in terms of visa processing, access, and other logistical-related factors that go into the equation of where international students go to study.”
“Although still a very important part of the U.S. higher education system, Chinese students are often having second thoughts about whether they need to come to the U.S. or whether they need to go to these other countries. ,” said the author, Querch. , co-author or editor of 25 books throughout his career.
In addition to increased competition and bureaucracy from the US, “short-term headwinds such as a stronger US dollar make the prospect of going to European countries clearly more attractive than the US,” he said. I was.
Tensioned geopolitics between the US and China hasn’t helped either. “I don’t necessarily want to overstate how political relations between China and the United States have contributed to this, but I think there is an element that relations between the two countries have deteriorated. It has played some part in the decline in enthusiasm in American schools.
While some critics have questioned why American schools should open up to rival China, Kerch said cultural exchange would benefit students and America as a whole.
“It is very important that young people have these international experiences in terms of cross-cultural exchange and also as a guarantee of long-term mutual understanding. Develop a level of understanding and appreciation for other cultures that ensure prosperity.”
The University of Miami’s Herbert Business School has a longstanding and strong relationship with China, particularly in terms of admissions for graduate students in business and finance, he said. He said the school is close to Miami and offers a multicultural experience while being a safe campus. We have seen a softening,” he said.
Prior to joining Miami Herbert Business School in 2017, he was a professor of business administration at Harvard Business School. From 2011 until 2013, Quelch was Dean, Vice President, and Distinguished Professor of International Management at China Europe International Business School in Shanghai. Quelch was also Dean of the London Business School.
One thing that hasn’t helped Florida’s universities in particular is Governor Ron DeSantis’ criticism of Chinese property purchases in the state. Chinese parents often buy property in the city where their children go to school.
Last month, DeSantis raised concerns about property purchases by Chinese companies with ties to the Communist Party, saying, “It’s not always visible no matter what companies do, but I think that’s a big problem.”
“We are very concerned that international students and international investors will feel uncomfortable in Florida.
See related articles:
New Technologies Bring New Opportunities: US-China Business Forum
US ambassador says pandemic’s impact on China’s economy will be short-term
US-China Business Outlook: A New Pathway
@rflannerychina
