US universities are losing Chinese students to their rivals: US-China Business Forum

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The growing number of Chinese students studying at American universities has helped domestic students and benefited the American economy. One-third of the more than one million international students in the United States are from China, and collectively, they contribute about $15 billion in annual export earnings to the U.S. economy.

Although U.S. universities remain among the world’s best, John Quelch, a long-time leader of business education in the U.S. and China, said interest in U.S. schools in the group is declining.

In an interview on the sidelines of the 5th US-China Business Forum in New York, Forbes said, “What we’re seeing right now is the naivety of Chinese students and their parents’ eagerness to enroll in American institutions.” on Tuesday.

“In the past decade, Australia, Canada, the United Kingdom and other European countries have increased their efforts to attract Chinese students,” he said. “And in many cases, visa processing, access, and other logistics-related factors have been very successful at the expense of the inhospitable U.S., which puts the international student into the equation of where to go to study.”

Although “it’s still a very important part of the U.S. higher education system, Chinese students are rethinking whether or not they should go to one of these other countries,” said author Culch. , co-author or editor of 25 books in his career.

In addition to stiff competition and red tape from the United States, he said, “there are short-term headwinds such as the strength of the US dollar, which is making it more attractive to go to European countries than the US.”

The tense geopolitics between the US and China aren’t helping either. “I don’t want to overstate how the political relationship between China and the US is contributing to this, but I think there is an element of the deterioration in the relationship between the two countries.” And that deterioration is certainly playing a role in the low enthusiasm for America’s schools, Quelch said.

Although some critics question why American schools are opening their doors to China-rivals, Qualch said cultural exchange benefits students and America as a whole.

“From the point of view of cultural exchange – but also as a guarantee of long-term mutual understanding – it is very important that young people have these international experiences. Ultimately, they develop a level of understanding and appreciation of other cultures that ensures long-term peace and prosperity on a global scale.

Miami Herbert Business School has a long-standing and strong relationship with China, particularly in the enrollment of graduate students in business and finance. The school is close to Miami, offering a safe campus yet a multicultural experience, he said. And yet, he said, “we’ve seen some softening in the overall level of applications and indeed enrollment this year.”

Prior to joining the Miami Herbert Business School in 2017, Kulch was a professor of business administration at Harvard Business School. Kulch was previously Dean, Vice President and Distinguished Professor at the China Europe International Business School in Shanghai from 2011 to 2013.

One thing that doesn’t particularly help Florida’s universities is Gov. Ron DeSantis’ criticism of some Chinese property purchases in that state. Chinese parents in many cases buy property in the city where their child goes to school.

Last month, DeSantis expressed concerns about the purchase of assets by Chinese companies with ties to the Communist Party.

“We are very concerned about Florida’s position as a welcoming place for any international student or any international investor,” Quelch said. “It seems to me that discrimination based on one’s country of origin is a very dangerous, slippery slope to ride.

4Th The US-China Business Forum, held on the fifth of Forbes in New York, was organized by Forbes China, the Chinese-language edition of Forbes. The meeting was held in person for the first time since 2019. Conducted online during the 2020 and 2021 covid 19 pandemic.

Other speakers include Qin Gang, Chinese Ambassador to the US; Wei Hu, Chairman, China General Chamber of Commerce – USA; James Shih, Vice President, SEMCORP; Abby Li, Director of Corporate Communication and Research, China General Chamber of Commerce; Audrey Lee, Executive Director, BYD America; Lu Cao, Managing Director, Global Corporate Banking, Corporate and Investment Banking, JP Morgan

Stephen A. Orleans, president of the National Committee on United States-China Relations, spoke. US Chamber of Commerce Chairman Shane Stein; Ken Jarrett, Senior Consultant, Albright Stonebridge Group; Dr. Bob Lee, Physician Ambassador for China and Asia-Pacific, Memorial Sloan Kettering Cancer Center; and Yue-Sai Kan, co-chairman of the China Institute.

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@rflannerychina

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