Australia Mines China Education Boom

China’s voracious appetite for Australian minerals helped the resource-rich nation sidestep the global financial crisis. Now, as a fading mining boom dims economic prospects down under, China’s growing middle class is presenting itself as the raw material for a different kind of growth industry: education.
A recent survey of 1,000 mainland Chinese by HSBC ranked Australia as Asia’s top education destination. It lagged only the U.S., the United Kingdom and Canada globally. Singapore was its closest rival in Asia. Read more...