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

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An increase in the number of Chinese students attending American universities has benefited domestic students and benefited the American economy. About a third of her over one million international students in the United States are from China, and their contribution to the U.S. economy equates to approximately $15 billion in export earnings annually.

According to John Kerch, dean of the University of Miami’s Herbert Business School and a longtime leader in business education in both the United States and China, American universities remain among the best in the world, but among the group American schools are becoming less attractive.

In an interview at the U.S.-China Business Forum at Forbes in New York, Kerch said, “What we’re seeing at the moment is that Chinese students and their parents are less enthusiastic about enrolling at U.S. institutions. ‘ said. on tuesday.

“Over the past decade, Australia, Canada, the UK and other European countries have stepped up efforts to attract Chinese students.” , the United States has not always been kind in terms of visa processing, access, and other logistical-related factors that go into the equation of where international students go to study.”

“Although still a very important part of the U.S. higher education system, Chinese students are often having second thoughts about whether they need to come to the U.S. or whether they need to go to these other countries. ,” said the author, Querch. , co-author or editor of 25 books throughout his career.

In addition to increased competition and bureaucracy from the US, “short-term headwinds such as a stronger US dollar make the prospect of going to European countries clearly more attractive than the US,” he said. I was.

Tensioned geopolitics between the US and China hasn’t helped either. “I don’t necessarily want to overstate how political relations between China and the United States have contributed to this, but I think there is an element that relations between the two countries have deteriorated. It has played some part in the decline in enthusiasm in American schools.

While some critics have questioned why American schools should open up to rival China, Kerch said cultural exchange would benefit students and America as a whole.

“It is very important that young people have these international experiences in terms of cross-cultural exchange and also as a guarantee of long-term mutual understanding. Develop a level of understanding and appreciation for other cultures that ensure prosperity.”

The University of Miami’s Herbert Business School has a longstanding and strong relationship with China, particularly in terms of admissions for graduate students in business and finance, he said. He said the school is close to Miami and offers a multicultural experience while being a safe campus. was seen,” he said.

Prior to joining Miami Herbert Business School in 2017, he was a professor of business administration at Harvard Business School. From 2011 until 2013, Quelch was Dean, Vice President, and Distinguished Professor of International Management at China Europe International Business School in Shanghai. Quelch was also Dean of the London Business School.

One thing that hasn’t helped Florida’s universities in particular is Governor Ron DeSantis’ criticism of Chinese property purchases in the state. Chinese parents often buy properties in the city where their children go to school.

Last month, DeSantis raised concerns about property purchases by Chinese companies with ties to the Communist Party, saying, “It’s not always visible no matter what companies do, but I think that’s a big problem.”

“We are very concerned that international students and international investors will feel uncomfortable in Florida. .”

The 4th The US-China Business Forum, held at Forbes on Fifth New York, was hosted by Forbes China, the Chinese version of Forbes. The rally was held in person for the first time since 2019. Held online during the height of the Covid 19 pandemic in 2020 and 2021.

Other speakers included Chinese Ambassador to the United States Qin Gang. Wei Hu, General Chamber of Commerce of China – President of the United States. James Shih, SEMCORP Vice President. Abbey Lee, Director of Corporate Communications and Research, General Chamber of Commerce of China. Audrey Lee, Managing Director of BYD America. Lu Cao is Managing Director of Global Corporate Bank, Corporate and Investment Bank, JP Morgan.

Stephen A. Orleans, Chairman of the National Committee on U.S.-China Relations, also spoke. Sean Stein, president of the American Chamber of Commerce. Ken Jarrett, senior his advisor at Albright Stonebridge Group; Dr. Bob Li, Physician Ambassador for China and Asia Pacific, Memorial Sloan Kettering Cancer Center. Yue Sai Kang, Co-Chair, China Institute.

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