China’s spending on education hits 5 trillion yuan in 2020

Students do exercise during a class break at a primary school in Handan, Hebei province, Nov 17, 2021. (IC)

BEIJING – China's spending on education totaled 5.3 trillion yuan ($831.3 billion) in 2020, up 5.69 percent from the previous year, the Ministry of Education said on Tuesday.

Fiscal spending on the sector grew 7.15 percent year-on-year to around 4.3 trillion yuan in 2020, said the ministry, noting that the amount was 4.22 percent of China's GDP in the year.

With the figure, China's fiscal spending on education had accounted for no less than 4 percent of GDP for nine consecutive years.  

ALSO READ: China adopts new law on family education promotion