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Post-1980s Wealthy Arouses Debate on Education
2006-05-22 15:00:08    chinanews.cn
China Central Television (CCTV)'s Economy 30 Minutes program interviewed two post-1980 economic titans on May 15, 2006.

Li Xiang, Chief Executive Officer of www.pcpop.com, is but 25 years of age, and Mao Kankan, chief architect and CEO of Beijing Ai Hang Industry Company, is even younger at 22. The former 's net worth is more than 100 million yuan (US$12.5 million), while the latter holds 25% of his company's shares, a company expected to record a yearly turnover of around 1.5 billion Yuan. More strikingly, neither of them has ever been educated in the traditional way.

Generally speaking, experiencing higher education in a regular university is a goal that everybody strives to achieve and also a milestone one should feel proud of throughout ones life. Just about any person will give credit to the power of education and the fact that education is the best way for an individual to increase his own value. Those who have received higher education in a regular university will have an indescribable sense of superiority, compared to those who have not gotten such an education, while the emergence of talent who succeed without the benefit of higher education in a regular institution has upended the power of university education.

This power to upend is extremely remarkable in China. People are critical of corruption in today's academic circles, and the deficiencies of China's educational system become glaring, especially after the "counterfeit Han Chip" scandal surfaced in Shanghai's Jiao Tong University. More and more people are calling for reforms in the university educational system reform and academic scholarship. The controversy surrounding the deteriorating quality of university graduates has grown more widespread. Successful young people with 100 million yuan-level net worth, such as Mao and Li, appear to send more shock waves against China's educational system. Hence the issue concerning the type of talent Chinese universities should cultivate surfaces once again.

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