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Chinese companies seek to buy American campuses

Oct 15, 2018 by

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When a Chinese company seeks to buy an American music college, opponents of the sale raise academic freedom concerns. Over the last several years, Chinese buyers have purchased a number of campuses in the U.S.

By Elizabeth Redden –

A Chinese company that until January went by the name Jiangsu Zhongtai Bridge Steel Structure Company plans to purchase a nonprofit American music college. What could go wrong?

Plenty, argue faculty members, donors and alumni who oppose Rider University’s plans to sell the Westminster Choir College in Princeton, N.J., to the company now known as Beijing Kaiwen Education Technology Company.

The most recent of several suits seeking to block the sale was filed last month on behalf of members of the Westminster Foundation, a group of alumni, donors and faculty. It argues that Rider is violating the terms of the original bequest of land for the college and the intent of the donors who have sustained the institution by selling it to Kaiwen for $40 million.

 

Source: Chinese companies seek to buy American campuses

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