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→Foreign Investment: higher ed
Opening to the outside remains central to China's development. Foreign-invested enterprises produce about half of China's exports, and China continues to attract large investment inflows. Foreign exchange reserves were $1.1 trillion at the end of 2006, and have now surpassed those of Japan, making China's foreign exchange reserves the largest in the world.
Opening to the outside remains central to China's development. Foreign-invested enterprises produce about half of China's exports, and China continues to attract large investment inflows. Foreign exchange reserves were $1.1 trillion at the end of 2006, and have now surpassed those of Japan, making China's foreign exchange reserves the largest in the world.
===Higher education===
Despite fears that China may be outpacing the United States in turning out engineers, the number of college students in China who study engineering is on the decline, according to ''Global Times'', a Chinese newspaper. Fewer than one in 10 college graduates in 2009 majored in engineering. Instead, students are turning to economics, finance, and management, which pay more and carry more social status. "Engineering usually makes people think of factories, while factories often give people an impression of hard work, low wages, and layoffs," the newspaper quoted one professor as saying.
Meanwhile China is building universities overnight, and sending graduate students to the U.S. for PhD's so they can become professors.
== History ==
== History ==