Hurun Report
Half of China’s under-40 billionaires studied overseas; 80% want the same for their kids
Which comes first, the money or the overseas education?
The Wall Street Journal’s Real Time Report has an interesting stat distilled from the just-released list of the young and the wealthy by Hurun, China’s well-known compiler of the who’s who of the moneyed set: half of all of China’s under-40 billionaires studied overseas, and 80% want the same for their kids.
The WSJ’s Laurie Burkitt remarks that the combination of wealth and the age-old criticisms of Chinese schooling – too much memorization, not enough critical thinking – are to blame for this seemingly disproportionate exodus of the upper crust towards overseas education:
