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A University of Sydney, Australia, professor warned this month that post-secondary institutions in his country and elsewhere risk “catastrophic” financial shortfalls by relying so heavily on students from China, who make up about 40 per cent of the total in that country. One-fifth of the University of Sydney’s budget, for instance, depends on the cohort from China, says Salvatore Babones.

Since Canada and Australia are two of the world’s most sought-after destinations for international students from China, Babones is not surprised the Trudeau government is promising to change the foreign-student ratio by spending $30 million to recruit more young people from countries such as Mexico, Colombia, Brazil, Vietnam, the Philippines, Indonesia, Ukraine, France and Turkey.

“As in Australia, these marketing plans are part of a ‘diversification strategy’ intended to dilute the risk that an adverse event — for example, a suspension in the convertibility of the yuan or a major recession in India — that might suddenly result in a revenue shortfall at universities,” Babones said by email.

“When universities and governments think of international students as a revenue source, these kinds of perverse policies start to seem natural. The proper role of international students is to diversify and enrich campus culture, not to support universities with their tuition money.”

Babones’s report, titled The China Student Boom and the Risk it Poses to Australian Universities, does not focus on how various political tensions could also reduce the number of students from mostly well-off Chinese families who head to English-language schools.