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Indian students can apply for International Chinese Government Scholarships

Dr.T.P.Sethumadhavan

 (Dr.T.P.Sethumadhavan who recently visited Beijing to attend the 25th World Poultry Congress at China International Convention Centre, China reviews the potential areas for Indian students)
China is successfully implementing scholarship programme for International students. Recent reports reveal that Chinese Government Scholarship is facilitating China to find better qualified recipients. China Scholarship Council as part of University foundation programme, Ministry of Education administers the Scholarship. The programme supports International students to pursue Bachelor’s programme in China. Pre selected candidates have to attend one year bridging courses. This includes the Chinese language and subjects related to their studies at Chinese Universities to prepare them fully for four years of study in China. After this programme, candidates need to take a completion examination which tests student’s Chinese language ability and knowledge of their future majors. Scholarships will be awarded to candidates who succeed in the above tests.
Chinese Government is giving Scholarship as per the Memorandum of Understanding between the Government of China and member country to support international/ overseas students pursuing their studies in China. During the last two decades 4307 students received the benefits from 182 countries. Annually this has risen to 13 percent.
In view of the increase in cost of living and cost of education ministries of education and finance of Chinese Government increased the number of scholarships. Students will get an average of 6 lakhs to 10lakhs Rupees annually depending upon the programme. 10 Chinese Universities are currently offering this programme to more than 1000 students. The foundation examination will take place during June of every month. Students can start applying from April onwards. Major participating countries include France, India, Russia, Thailand, Nepal, Pakistan, Laos, Vietnam, South Korea, Japan and Indonesia. Advanced manufacturing, cyber security, internet of things, entrepreneurship, analytics, robotics, automation, health sciences, IT enabled sector, Agriculture, , food processing, microbiology, etc are some of the most wanted courses in Chinese Universities.
China among the G20 nations are promoting innovations since the G20 group is working towards innovation led economy by 2020. Skill oriented courses are acquiring momentum across the region. There lies a huge gap between available and required skills. Even though jobs in manufacturing sectors are increasing, deficiency of appropriate skills as part of globalisation, technology and recession affects employment opportunities. This mismatch poses growing problem for economy and motivates the industry for increasing production and productivity. Chinese Universities are offering skill oriented courses at the under graduate level which can facilitate the manufacturing sector which creates 45 percent employment opportunities in China. Recent labour department Statistics reveals that skill gap is affecting manufacturing sector in the Country. Indian students can apply for courses in the areas of Science, technology, Engineering, Management and services for International scholarship programme in China. Of the total number of International students 80 percent are from Asian countries.
G20 promotes innovation to avoid recession
China as chair of G20 nations made innovation a key theme for G20 Summit, providing a new impetus for policy actions around the World to revive global economy and achieve strong, sustainable and balanced growth. The only way through which sustainable growth can be achieved is through innovations. China is creating an institutional environment targeted towards an entrepreneurial and innovative economy. Most of the innovation is as a result of collaborative efforts which require well established networks. In order to achieve this, country is planning to implement synergies between development and commercialisation. China’s youths lack some of the potential skills like computer programming and soft skills. Industry realised that these are the prerequisites for development of internet based industries and internet of things.
Tourism is one of the areas that guarantee viable returns in the long term which is emerging as one of the potential investment sectors. China’s per capita income is one sixth of that of United States. Tourism expenditure per capita is 1/15 as that of US and 1/20th as that of Europe. Internal tourism consumption is increasing at a faster rate. China recently decided to further open up to the global market by building more free trade zones. E commerce, analytics, internet of things, advanced manufacturing and cloud services are emerging potential areas of development in future.
Analysts including Fitch Ratings and Wall Street banks forecast that China is slowing down and is moving towards recession. The prediction is based on China’s economy and debts. China’s economy was slowing sharply and bad debts are increasing. The country’s debt to GDP ratio was on the rise. Overall China’s economy is not growing. A slower economy is the course of banking distress in China and parts of Europe. Rural land reforms are very slow. Farmers need the reform to benefit from economies of scale and to be able to use their land as collateral for bank credit. It is safe to expect the market value of rural land to rise significantly on the back of the reforms. This is long overdue as the country’s economic growth and asset price inflation of the past two decades have left farmers far behind urban population. Power consumption and transport volumes are getting reduced.Performance of non banking financial institutions in China is very poor. Large number of micro lenders and companies are disappearing from the scene. Compared to US or Europe market penetration in China insurance services is very low and it has huge growth potential.

 

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