With a population of around 1.3 billion, China has an unquenchable thirst for vocational education. As the country grows economically, the need for well-qualified, workers becomes ever more pressing. With the current economic state and rising Chinese market HQ Global Education Inc. (OTC BB: HQGE) continues to expand. HQ is in place to support China’s growing demand for a skilled labor force by placing members from the impoverished Chinese rural population in “Customized Education” services. HQGE runs 11 schools with over 40,000 students. Student tuitions are subsidized by the Chinese government. Due to the Company’s strong relationships with local, provincial and state governments, as well as corporations operating in China, HQ is able to boast a 100% employment rate for all graduates. The company launched its 11th school, Hunan New HQ Technical School, in July and expects to train nearly 30,000 students over the next three years, providing a net income increase of 156.94% in the company’s second quarter 2010 financial earnings.
While the rest of the world is still in the midst of a global financial crisis, it is no surprise that demand for vocational education in China is ramping up. The crisis has forced organizations to focus strategies on creating a quality team to beat out industry competitors and lead the company through this difficult financial period. Ultimately, the goal is to expand the company to its full potential by investing in an educated and well trained team. These short, intensive vocational education programs are solutions for companies to further develop their competence and create immediate impact. Programs that have incr
eased in popularity since the economic downturn are IT, English and business training, all of which are offered by HQGE schools.
There is no doubt that there is room for all of these programs and more as China increasingly values training and education. The number of schools located throughout China’s large cities is only expected to grow. This graph to the left is a market scale and forecast for English and IT training in China.
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