SJTU among the 'richest' universities in China
The campus of Shanghai Jiaotong University is pictured in Shanghai, May 8, 2018. [Photo/VCG]
Shanghai Jiao Tong University (SJTU) took fourth place in a list of the 2018 final accounts of the 75 universities directly under the Ministry of Education, according to information unveiled by the universities' official websites.
According to the data, there were seven universities with annual accounts of more than 10 billion yuan ($1.42 billion). Based on these metrics, SJTU is the fourth richest university, with 17.87 billion yuan, up 9.25 percent than 2017, while Tsinghua University is first with 27.64 billion yuan.
SJTU also ranked fourth in terms of expenditures related to developing science and technology with an investment of 270.51 million yuan.