With the rapid development of China’s economy, an increasing number of Chinese students are planing to study abroad. According to the data released by the Ministry of Education, since 2010, the number of Chinese students studying abroad has been surging at an annual rate of 10%. Despite being hit hard by the epidemic, after China opened its borders at the beginning of 2023, the international education industry made a strong recovery. In 2023, the number of Chinese students receiving education abroad rose to 398,000. And as China’s political center, Beijing boasts one of the largest outbound international education markets in China.

To study abroad and pursue their education dreams, students need strong financial support from their families. According to Hurun China Wealth Report 2023, Beijing is home to the most high net worth families in China. Among the 2.11 million“high-net-worth”Chinese families with net asset value exceeding RMB 10 million, nearly a quarter, or 306,000 of these households are located in Beijing. Shanghai ranks second with 271,000 high-net-worth households.

Apart from expensive tuition fees, international students also need to worry about language barriers which have become one of the biggest concerns for international students. A newly released authoritative report shows that as many as 62.6% of Chinese students’ language scores do not meet the requirements of their dream schools. To help students overcome language barriers, language training institutions are springing up in Beijing. Beijing currently has more than 5,000  language training institutions, with a market size of nearly 100 billion.

Studying abroad can be a life-changing experience for any student. It’s a chance to explore new cultures, learn new languages, and be exposed to new customs. Besides, one way to stand out from the crowd and enhance your professional prospects is by embarking on a study abroad journey. Studying abroad significantly impacts your career development. At present, college application season for 2024 has kicked off, and many students who are interested in studying abroad have begun applying for universities. Wish you all a successful application season!