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China spent $357bn on education in 2012
May 8, 2013, 8:49 am

[Xinhua]

378.1 billion yuan was pooled from the central government’s budget for education in China [Xinhua]

Public expenditure on education in China reached 2.2 trillion yuan ($357 billion) last year, accounting for four per cent 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 per cent year on year, a ministry statement said.

An allocation of 86.54 billion yuan was set aside for education in rural Chinese towns in 2012.

The central government also offered a subsidy of 15.05 billion yuan to improve the nutrition of primary and junior high school students in rural areas.

To help more pupils get into senior high school when they finish nine-year compulsory education, the central government provided 4.66 billion yuan last year as a subsidy to 4.91 million senior high school students.

Xinhua

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