Domainfax today covers Sydney’s international student boom:
…with such rapid growth – and big dollars – comes risk. Critics say universities are now over-dependent on the money international students can bring in, especially as government funding for teaching and research is squeezed. Others say the dependence on overseas – and especially Chinese – cash is “corroding the soul of our universities”.
Dr James Leibold, a China specialist at La Trobe University, says there is a “genuine possibility” the Chinese Communist Party will respond to future tensions between Australia and China with stronger measures to discourage students from coming here.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
