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Analysts said the cooperation will extend a helping hand to the joint venture as well.

And upon completion of the dual degree's requirements, international students and Chinese students will receive a master's degree from each side.

Analysts said attracting, selecting and managing foreign teachers is the key to success for online education companies.

And the council so far has handled 582 of complaints, up 1.25 times from the same period of the previous year, according to a statement released by the council on Wednesday.

An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.