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China spending more on education
December 01,2021   By:chinadaily.com.cn
Dec. 1, 2021 -- China spent more than 5.3 trillion yuan ($832 billion) on education last year, up 5.7 percent from 2019, according to the national education expenditure report released on Tuesday.
 
The report, jointly released by the Ministry of Education, the National Bureau of Statistics and the Ministry of Finance, said government budgetary spending on education totaled about 4.3 trillion yuan last year, up 7.2 percent year-on-year.
 
Such spending accounted for 4.2 percent of the nation's GDP last year, which marked the ninth consecutive year that it exceeded 4 percent of the GDP.