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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Development Trends of Training Service Market in China
Author(s): Li Wei
Citation: Li Wei, (2013) "Development Trends of Training Service Market in China," Journal of Applied Business and Economics, Vol. 14, Iss. 2, pp. 128-135
Article Type: Research paper
Publisher: North American Business Press
Abstract:
China's reform and opening has had a tremendous impact on economic, social and cultural development.
On one hand, with increased incomes, people not only spend more on food, clothes and housing, but also
on education, which has a huge market demand due to the large population base. On the other hand, as
China's traditional, government-provided education was developed before China's reform and opening
and lags behind the market demand growth. As a result a training service market has emerged that is met
primarily by private education and training agencies. The paper describes the development of a training
service market in China distinct from the degree education system, namely the development of private
training service market. It further put forward that although after 20 years of development the private
training service market still has problems such as inconsistent and untimely information disclosure and
incomplete corporate governance, but some positive trends such as branding, internationalization and
capitalization have appeared and the market is of great investment value.
