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University of Sydney strengthens China ties

04 Sep 2013

In a move that significantly strengthens the University of Sydney's links with China, its Business School has signed a wide ranging memorandum of understanding on future cooperation with the prestigious Zhejiang University School of Management near Shanghai.

The Business School already has a relationship with Antai College of Economics and Management at Shanghai's Jiaotong University and in collaboration with them is now delivering a key China unit of its new MBA program in cooperation with a number of leading Chinese firms.

More than three thousand Chinese students also study at the University of Sydney Business School.

The Zhejiang University School of Management has an emphasis on innovation and private entrepreneurship in management research and practices and, with its pool of talented faculty and students is at the forefront of business education in China.

"The Zhejiang School of Management and the University of Sydney Business School are both ambitious, innovative and entrepreneurial in their teaching and research activities and we recognise these qualities in each other," said Co-Dean, Professor David Grant.

"This MOU will allow us to exploit our mutual strengths through meaningful collaboration across teaching programs and research that will ultimately be to the benefit of both Australian and Chinese businesses," Professor Grant said.

Specifically, the MOU provides a platform for joint research in agribusiness, finance, and business and trade relations between Australia and China. It will also lead to more study tours of China and an enhanced China focus in the Business School's MBA program.

The MOU was negotiated during a visit to China earlier this year by Professor Grant, the Business School's Professor of Chinese Business and Management, Dr Hans Hendrischke, and the Associate Dean, Management Education, Professor Richard Hall.

It was finalised during a visit to Sydney by a delegation from the Zhejiang University School of Management led by the Dean of the Research Institute of Social Science Professor Xunda Yu.

"China is Australia's most important business and trading partner and it is important that the Business School invests in building strategic relationships with tertiary institutions, business and civil society organisations," said Professor Grant.

"Through these relationships, we can equip our business leaders of the future with vital insights into China's business and social environment," he added.

In a tertiary education first made possible by the Business School new China links, students enrolled in its MBA program were recently in China assisting companies with an interest in investing in Australia.

The "hands on" consulting experience was a part of the MBA's China module.

While these new relationships provide Australian students with an opportunity to gain a valuable understanding of China, a record number of Chinese students are looking to the Business School for the cutting edge knowledge and the skills to succeed in their country's rapidly changing business arena.

"In what has very much become a two way street, an ever increasing number of China's remarkably clever young people are being attracted to the Business School because we have a reputation for delivering the best learning experience available," said co-dean Professor Tyrone Carlin.

"The diversity of academic opportunities; the diversity and breadth of campus life; the cosmopolitan nature of Sydney and the fact that the University of Sydney is an institution of global repute adds up to a compelling proposition for someone willing to leave their home country," Professor Carlin said.

"Those young people are China's business leaders of the future and their Australian counterparts will work together with a high degree of mutual understanding thanks to our efforts here at the Business School and the relationships were are establishing with institutions like the Zhejiang University School of Management," he concluded.