Prof Peter Dolton of Sussex University says UK universities have relied increasingly on Chinese students. This model has broken down now.
In a way the UK universities have become like some banks/FIs who have concentrated their balance sheet to one kind of asset:
In this column, I suggest that the present financial problems of universities are rooted in their growing reliance of UK universities on the huge growth in overseas students coming to the UK for higher education. This growth has been more or less exclusively from China. Figure 1 shows how the numbers of new students arriving in the UK over the years 2006 to 2019 has changed. The numbers coming from nearly all countries other than China has remained approximately constant. But the numbers coming from China have risen from 25,000 in 2006 to approaching 90,000 by 2019. This over-reliance on recruiting Chinese students has meant that the UK HE…
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Utopia, you are standing in it! 
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