China's Wealthy Want Their Children Educated Abroad

Photograph by Boston Globe via Getty Images

One thing that even China’s wealthiest can’t buy domestically: an Ivy League education. Today a majority of China’s rich—defined at those with net assets exceeding 10 million yuan ($1.6 million)—are sending their children to high school or college abroad or making plans to do so.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.