1st Sino-US university founded
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E-mail China Daily, October 16, 2012
"We will not copy the US education model. NYU Shanghai will provide a new opportunity for innovative education and research," Wang said.
Upon graduation, students will receive degrees from New York University and NYU Shanghai.
Annual tuition for each student from the Chinese mainland will be about 100,000 yuan ($15,900), which will be officially announced after being approved by the Shanghai pricing authorities.
NYU Shanghai is expected to accommodate an estimated 3,000 Chinese and international students.
Wang Huiyao, director of the Center for China and Globalization, said opening extensions of overseas universities is a good way to tackle the brain drain.
"Students don't have to go abroad to get a Western education. World-class universities are on our doorstep," he said.
The introduction of foreign students will push domestic education reform, he said.
"Just like what the opening-up policy did to China's economy, we need the reform and opening-up for education," he said.
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