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Excerpt from Financial Times -- "But there is also a real sense that China’s generous welcome to these institutions is part of its own need to modernise its higher education system, says NYU’s Prof Zemel. 'I think China is now struggling with the next phase of economic development. They have done a good job but they know that low-cost is running its course,' he says. The next phase is to invest in innovation and this means changing the way students are educated more widely. 'The objective of NYU in Shanghai is not to educate the 2000 [enrolled] students,' says Prof Zemel, 'but to have a long-term impact on other institutions.'"

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