China and Romania to jointly launch business school

China and Romania will set up their first joint business school after an agreement was signed on Tuesday between East China University of Science and Technology and Lucian Blaga University of Sibiu.

The new school, ECUST Sibiu Sino-European International Business School, will bring the master program of business administration from Shanghai to Romania and other central and eastern European countries. It is the first joint-venture school set up overseas by ECUST to serve the Belt and Road Initiative.

According to the agreement, the new school will serve enterprises in central and eastern European countries by training business professionals. It will also support Chinese enterprises’ development in the region.

Target students include professional managers, entrepreneurs and business starters.

The two universities wish to recruit 20 to 25 students this year.

China has set up more than 2,400 joint-venture schools or programs overseas, including 188 set up by universities in Shanghai and their foreign counterparts. 

Last year alone, nine universities in Shanghai set up 17 joint-venture programs and another seven are in the talks.