Monday, January 13, 2020

The Moral Hazard of Dealing With China

The elite China-based graduate program, funded by American businessman Stephen Schwarzman’s personal wealth and fundraising efforts and modeled after Oxford University’s Rhodes Scholarship, had recruited heavily from the world’s top academic institutions, including Harvard, Yale, and Cambridge. It would kick off its inaugural academic year in fall 2016, and was aiming for a cohort comprising the best students from China and around the world. To guarantee a “scientific and fair” admissions process, the program invited a group of experts to participate in the seminar.

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