Earlier, in March, premier Wen Jiabao announced that this year China will finally meet its long-held aspiration to devote 4 percent of its gross domestic product (GDP) to education spending, against an average spend by countries of the Organisation for Economic Cooperation and Development (OECD) of 5.9 percent in 2008. This represents a victory for the country’s educators after nearly three decades of effort.
“(At Peking) we are coming closer and closer. We are now within the top 50. Probably in five years we will be in the top 30 — I don’t know. But personally speaking, I think we still have a long way to go to catch up with the very top universities like Cambridge, Oxford, Harvard and Stanford,” he adds.








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