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Economy

Asian parents among top spenders on education

Hong Kong families spend triple global average, ahead of Singapore, Taiwan

Asian parents are investing heavily in education to give their children an advantage in an increasingly competitive world. REUTERS/Bobby Yip   © Reuters

SINGAPORE -- Asian parents are investing heavily in education to give their children better career opportunities in an increasingly competitive job market, according to an HSBC report.

The report was based on a survey of over 8,400 parents in 15 countries around the world, and covered education spending from primary school to university, including tuition fees and accommodation. 

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