China’s education expenditure reaches 2.2t yuan

China Daily

Public expenditure on education in China reached 2.2 trillion yuan ($357 billion) in 2012, accounting for 4 percent of its GDP, the Ministry of Finance said Wednesday. Of the total, 378.1 billion yuan was pooled from the central government's budget, an increase of 15.7 percent year-on-year, a ministry statement said. The rest was sourced from local government budgets. China is moving to shift its growth pattern by enhancing education, with more resources allocated to rural, remote and poor schools last year.

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