Legal basis: Education Law of the People's Republic of China
Article 54 The state shall establish a system with financial allocation as the main part, supplemented by raising education funds through various other channels, gradually increase investment in education, and ensure that schools run by the state have a stable source of education funds.
Schools and other educational institutions established by enterprises, institutions, social organizations and other social organizations and individuals according to law shall be funded by the sponsors, and the people's governments at all levels may give appropriate support.
Article 55 With the development of national economy and the growth of fiscal revenue, the proportion of national fiscal education expenditure to gross national product should be gradually increased. The specific proportion and implementation steps shall be stipulated by the State Council.
The proportion of education funds in the total national financial expenditure at all levels should be gradually increased with the development of the national economy.