First of all, financial allocation is the core of raising education funds in China. According to the Education Law of the People's Republic of China, governments at all levels implement a financial allocation system for public education such as compulsory education and higher education. This means that the state and local governments need to invest a lot of financial funds to build schools, improve the quality of education and teaching, and improve the allocation of educational resources to ensure the basic right of the whole people to receive education.
Secondly, supplemented by multi-channel financing, improve the source of education funds. On the basis of financial allocation, China encourages the introduction of funds from other channels, including social donations, donations from enterprises and institutions, education funds and tuition fees. These multi-channel financing methods enrich the sources of education funds and provide more resource guarantee.
In practice, China's education financing system has been continuously improved. The government has increased the financial allocation for education, raised the level of funding guarantee for the education sector, and ensured the basic operation and development of the school. At the same time, all walks of life also actively participate in education, providing strong support for the improvement of education through various forms of donations, funding and other activities.
In the future development, China will continue to adhere to the principle of giving priority to financial allocation, supplemented by multi-channel financing, continuously increase investment in education, improve the efficiency of allocation of educational resources, safeguard people's right to education, and promote the all-round development of education. In this way, China's education system will be more perfect and play a greater role in cultivating more talents and promoting social progress.