Economist Podcasts Gown and out: are British universities broke?
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Jul 17, 2025 
Don Wineland, The Economist's China Business and Finance editor, dives into the financial crisis facing British universities, revealing the pitfalls of relying on international students amid cuts in government funding. He discusses potential long-term strategies for revitalization. The podcast also covers the remarkable rise of amateur football in China's Jiangsu province, which is boosting local economies, and explores the cultural evolution of Superman as a reflection of shifting American values in foreign policy.
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British Universities' Financial Strain
- British universities are struggling financially due to frozen domestic tuition fees amid rising costs and capped foreign student numbers.
- Inflation has eroded income while government limits reduce foreign student intake, squeezing budgets severely.
Reforming UK Higher Education
- Government should reform British higher education by encouraging short, efficient courses and diversifying study options like community colleges.
- Creating varied university missions could optimize resources, focusing research at top schools and teaching at others.
China's Amateur Football Craze
- Amateur football league matches in Jiangsu province fill massive stadiums and have become an internet sensation in China.
- These events boost local economies through ticket sales, beer, hotels, and spark historic city rivalries.