Formal education mainly refers to school education, the education that students receive in organized educational institutions, and also refers to institutionalized education. Informal education is a general term for educational activities outside organized educational institutions.

Steady growth of education expenditure promotes the development of education industry.

The discussion on education development in the report of the 19th National Congress pointed out that "building an educational power is the basic project for the great rejuvenation of the Chinese nation. We must give priority to education, speed up the modernization of education, and run a satisfactory education for the people." In recent years, the education expenditure in China has been increasing continuously. In 20 19, the national general public budget expenditure was 23,887.4 billion yuan, an increase of 8. 1%. Among them, education expenditure was 34.910.3 billion yuan, up 8.5% year-on-year. The steady growth of education funds has promoted the continuous development of China's education.