Australia’s relationship with China is at a low ebb and the University sector is looking for ways to reverse the decline in students from China attending Australian Universities,
The recent crackdown on the $120 billion private tutoring industry in China saw major firms like Oriental’s share price plunge from near $20 to $2. This was because Beijing had decreed that tutoring is now strictly not-for-profit.
English as a language also has been downgraded in the Chinese education system, so there are cool winds blowing for foreign students looking to study in Australia as well.
UTS has been planning for worst case scenarios as well as looking at ways of propping up the International Student financial stream.