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February 22, 2021 (LifeSiteNews) — An increasing number of expensive independent schools in the U.K. have been bought by Chinese investors whose objectives are far from being merely economic, according to an investigation by conservative British tabloid Daily Mail.
While the trend has been visible over the last four years, with seventeen deals being put through by Chinese companies, many of them linked to high-ranking Communist Party officials, it is expected that further “hundreds” of schools are presently being targeted, as many face a substantial shrinkage of their revenue due to COVID-19 restrictions, including lockdown. According to the Daily Mail, the new Chinese owners are in some cases using their position to foster a positive view of Chinese politics and commercial initiatives.
Fall of assets was caused by a decrease in enrollments, but also in fees, as children remained at home because of lockdowns, bringing down the amounts charged for boarding and on-the-spot tuition: 20 percent less for day-pupils and up to 35 percent less for boarders. At the same time, tuition expenditures could not be slashed because the schools
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