Private schools disrupt China’s retail market, undermining Xi’s common interest

Rehabilitated water authorities in central China have launched a new strategy to boost the local housing market: funded and developing schools that have been known to enroll students in the country’s top universities.

Commodity sales in Hengshui, a 4.3m city in Hebei province, are growing despite central government efforts to rehabilitate fleeing logs and China. special education.

“I’ve closed more money in the last two months than in the last two years,” said Li Hongning, a real estate agent in Hengshui. “Clients are willing to pay extra to complete the project quickly.”

Xi Jinping’s Confirmation “ordinary glory”One of the most uncooperative countries in the world, in particular, relies on its supervisors to re-launch the Chinese stock market. The program of Chinese President he also promised that people would use their education equally, after banning high tuition fees last month.

But the fact that good schools continue to pervert economic markets across the country shows that even China’s most powerful leader for many years has struggled to deal with market forces and the demands of governments that are hampering its equitable goals.

“Beijing will not be happy with the Hengshui nation, because it creates wealth and increases educational inequality,” said Dan Wang, an economist at Hang Seng Bank in Shanghai. “But local governments want to take a more proactive approach.”

Chinese President Xi Jinping has repeatedly ignored escape rates © Leo Ramirez / AFP via Getty

Designers in China, led by industry leaders such as Vanke and Country Garden, have a habit of building decent high-rise schools near residential areas to make this look attractive to homeowners.

Bright Scholar Education Holdings, part of the Country Garden, has grown to become one of the largest schools in the country with more than 57,000 students.

Hengshui is different because the parents have been fascinated by the city since ancient times with its well-to-do schools, many of which are funded by the makers of goods and have gained a good reputation in education.

City prices have doubled in the past five years, while residents of neighboring cities have risen by 20% over the same period.

The increase in trade was sparked by the enactment of state laws prohibiting students from owning school premises. This is in conflict with government policy aimed at reducing barriers to education and other employment opportunities in cities.

“Education in Hengshui is better than anywhere else in Hebei,” said Wang Xiaona, an office worker in Shijiazhuang, the provincial capital. “I have no problem buying an affordable house as long as it can help my son do a good schooling.”

This month Wang paid Rmb310,000 ($ 48,000) for a one-bedroom apartment, which would allow their son to enroll in a middle school that is one of the largest retail outlets in Hengshui. Before the settlement was established, the house was sold for Rmb280,000.

“Our economy is thriving with the increase in students, which has benefited everyone from the grocery store to the manufacturers,” said a Hengshui government official who asked not to be named.

Xi, however, has often ridiculed the cost of eviction, saying “housing is real, unthinkable”.

Hengshui first outlined plans to expand its overcrowded schools a decade ago, when the more affluent urban government had no choice but to turn to business owners who had a large budget.

Proponents of her case have been working to make the actual transcript of this statement available online.

“Local governments want us to build better schools for economic development,” said Hengshui, a real estate agent. “They cannot do it alone. It was a great success for us and for the local governments. ”

Thanks to qualified teachers who receive high salaries, as well as advanced courses, Hengshui private schools are now producing students who pass exams. In 2019, the city of No 1 High School, with a local programmer, wrote 61 of the 100 college entrance exams for Hebei in Hebei.

“Give us an ordinary student and we will send you back to Peking University where,” said a senior official at Hengshui No 1 High, referring to one of China’s top universities.

Hengshui is now exporting abroad to further his education throughout the country. In recent years Hengshui manufacturers have opened schools in more than a dozen cities, many of which have not been established.

Zhang Fuqian, Hengshui programmer and President of Taocheng Middle School, one of the city’s best, has opened a training school for 15,000 students in Binxian, a rural area northeast of Heilongjiang province.

“People [local] The government has said the population and housing prices will be reduced quickly if I do not go and open a good school, ”Zhang said at a meeting last month, referring to lazy housing and population growth in Heilongjiang, as well as the surrounding areas of Jilin and Liaoning.

Zhao Hongchen, Binxian’s governor, said in April that the new Taocheng campus “will meet educational needs and promote economic development”.

Some, such as Pan Guilan, a Binxian mother whose son did not get enough goals to attend the new school, are skeptical. Now she is worried that her baby will be abandoned.

“It’s not fair for outsiders to steal our education,” Pan said.

Additional reports of Tom Mitchell in Singapore and Xinning Liu in Beijing

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