PRIVATE UNIVERSITIES IN CHINA IN THE CONTEXT OF NATIONAL ECONOMIC REFORM: STATUS, PROBLEMS, AND PROSPECTS

The article examines the role of China’s leading universities in the country’s technological and economic progress. Higher education serves as a source of talent and human capital, while research conducted at universities contributes to innovation in various sectors of the national economy. The implementation of the “reform and opening-up” policy has led to the adoption of a “socialism with market elements” model. This model has disrupted the state’s monopoly in education, leading to the revival of private higher education in China. Currently, there are over 700 non-governmental universities in the country, accounting for 28% of the total number of universities. Modern multidisciplinary private universities formed at the beginning of the 21st century. (Westlake University, Jian Qiao, Sias, etc.), are world-class universities and cooperate with both the strongest foreign universities, as well as with the largest enterprises and firms in the fields of manufacturing and finance. business, services, etc. Significant assistance to private higher education is provided by “educational philanthropy” — donations amount to tens and even hundreds of millions of dollars. However, public universities, which are larger and receive strong support from the government, occupy leading positions in national rankings. Nevertheless, the private segment of higher education is an important and integral part of China’s educational system, which addresses the issue of staffing the national economy.