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Ben K. Agyei-Mensah


This study investigated the influence of corporate governance on the disclosure of forward looking information by firms listed on the Ghana Stock Exchange. The forward-looking information used in this study were obtained from statements made for management in either the Managing Director or Board Chairman’s reports regarding future operating outcomes.

The results of the extent of disclosure of forward looking information, mean of 35%, indicate that most of the firms listed on the Ghana Stock Exchange did not disclose sufficient forward looking information in their annual reports. The low level (35%) of forward looking information disclosure will also make it very difficult for the firms’ stakeholders to determine future performance of the company. In a country where corruption, even within the judiciary, is high one way of hiding corrupt practices is to hide information from the users of the financial reports.

The results of the regression analysis indicate that board ownership concentration is the significant variable that explain the level of forward looking information disclosure.

Yun Liu


This paper reviews the historical evolution of China’s education-aid programs. These specific programs are seemingly consistent with China’s education reform legacy. With a cross-disciplinary survey regarding how foreign-aid policy commitments got delivered, the paper proposes more inclusive approaches for interpreting local contexts relevant to China’s education-aid policies. The following discussion first presents local evidence to provide plausible explanations from the national background of China’s social-economic reforms since the 1970s. Then it gives a case study of Wuhan, the provincial capital of Hubei, to examine how the local higher-education institutions have managed those education-aid practices since the late 1990s. Re-visiting a variety of mainstream views on China’s evolving national identity as a member of the Global South, the article ends by making some analysis of significance to the evolution of China’s education-aid policies.

Dongmao Wen and Yubo Liu


The Implementation Opinions on Deepening Reforms of the Examination and Enrollment System (《关于深化招生考试制度改革的实施意见》) promulgated by the State Council and its pilot plans published by Shanghai Municipality and Zhejiang Province outlined the blueprint of China’s new Gaokao (College Entrance Examination), which used to be known as college entrance examination. Gaokao is a baton, and its reform influences China’s education as a whole. How will the new Gaokao guide the reforms of China’s basic education and higher education? What opportunities and challenges will the new Gaokao bring to examinees, teachers, as well as high schools and colleges? This paper will try to analyze the holistic influences of the new Gaokao in the years to come.

Dongping Yang


In 2014, China continued to deepen educational reform. The improvements, reform, and innovations of education were reflected through the progress of a series of in-depth and comprehensive reforms, including pilot reform of the college entrance examination system in Shanghai Municipality and Zhejiang Province, the planning and management of modern vocational education system, the innovation of local education system based on streamlined administration and decentralization (简政放权), the fundamental education policy breakthrough represented by Beijing, the improvement of schooling conditions and the situation of children in poverty-stricken areas, the transformation of local institutions of higher learning and the new landscape of higher education, as well as the education innovations in the Internet era. Despite this, old problems had not been solved, such as the inadequate education opportunities for children of migrant workers in cities in the process of urbanization, while new problems kept emerging, such as the university research corruption. In the process of deepening reforms and promoting the education governance modernization, it was important to understand the education “new normal” (“新常态”), promote education innovation, and solve the problems of rural education and teachers through system reform.

Jianping Li


How to regulate the development of independent colleges is one of the major problems confronting China’s higher education. The Order No. 26 (第26号令) issued by the Ministry of Education (教育部) in 2008 requires a transformation of independent colleges in accordance with the standards of independently established regular colleges and universities within five years. Until the deadline of March 2013, 90% of the independent colleges in China had not completed their transformation due to political reasons or the difficulties schools encountered. It is suggested that schools should understand various interests and provide differentiated treatment to resolve the issues faced by independent colleges.

Feng Zhang and Yuchi  Zhao


Equal access and quality are two priorities for the development of preschool education. With the completion of the Phase I Three-Year Action Plan of Preschool Education (学前教育第一期三年行动计划), it was necessary to look into what results have been achieved in ensuring equal access to, and the quality of, preschool education and what problems remain to be dealt with. Since 2014, China has been implementing the Phase II Three-Year Action Plan of Pre-school Education, introducing new policies, and continuing to carry out some key projects. However, further exploration still needs to be made through continuous practice to ensure that all children have equal access to quality preschool education and the new policies on preschool education are well implemented.

Zhilei Tian, Rong Wang and Mingxing Liu


This paper first provides a description of the relationship between regional characteristics and the development model of secondary vocational education through a simple analytical framework. Then based on the perspective of regional vocational education, it discusses the four relationships between the present private secondly vocational education and its public counterpart, followed by an introduction to the status of different types of private secondary vocational schools based on investigations and studies. After that, international comparisons are made to reveal the underlying contradictions in the development of China’s secondary vocational education at present as well as the acute challenges confronting the Eastern and Midwest parts of China. At last, the authors provide specific suggestions on reforming the investment system, establishing a more open governance structure, and supporting the development of private vocational schools.

Han Zhao and Tian Zhou


In the rapid process of China’s urbanization, the education opportunity for the large number of children of peasant migrants (农民工随迁子女) has attracted a lot of public attention. The new household registration (Hukou) reform (户籍改革) reinforced the “strict population control in megacities.” Such megacities as Beijing and Shanghai have launched a new campaign to drive the low-end working population out of town, and Beijing had begun to set extremely high thresholds for children of peasant migrants to attend public schools. In this context, it has become an urgent issue to be addressed in the process of urbanization to safeguard the rights for school-age children without urban Hukou to receive compulsory education.