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China's education and training market is one of the largest and fastest-growing in the world. In 2022, the market was valued at US$1.64 billion and is expected to reach US$2.32 billion by 2027. This growth is being driven by a number of factors, including the government's focus on education and training, the rising demand for skilled labor, and the increasing popularity of online education.
The Chinese government is a major purchaser of education and training products and services. In 2022, the government spent an estimated US$100 billion on education and training procurement. This represents a significant opportunity for education and training providers to do business with the Chinese government.
The Chinese government procures a wide range of education and training products and services, including:
K-12 education
Vocational education
Higher education
Adult education
Online education
Professional training
The top authorities for China education and training procurement are:
Ministry of Education
Ministry of Human Resources and Social Security
Ministry of Finance
Ministry of Industry and Information Technology
The top winners of China education and training procurement are:
New Oriental Education & Technology Group
TAL Education Group
VIPKid
GSX Techedu
Huayang Education.
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