The Audit Office of the New South Wales government found course fees from overseas students, worth A$3.6 billion, made up a third of university revenue in the state in 2019.
SYDNEY: Australia's economy, facing its first recession in 30 years because of the coronavirus, would suffer if Chinese students heeded a warning from their government to stay away because of racist incidents, Australia's trade minister said on Wednesday.
International education is Australia's fourth-largest foreign exchange earner, worth A$38 billion ($26 billion) annually, and more critical to the economy than beef or barley, products hit with Chinese import bans and tariffs last month.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
