Abstract
Developing a high quality higher education system with world class universities is essential for developing countries in catching up and competing with developed countries, especially in the age of the 4.0 industrial revolution in which a knowledge-based economy and a high quality labour force will determine the wealth of a country. This study demonstrates the experience of China - the second largest economy in the world in developing its higher education system and world class universities. The main issues covered include: historical development of the system, its main characteristics, current achievements and contemporary challenges. Based on this experience, several questions are raised with regard to future development of Vietnam’s higher education for education policies makers to consider.
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