NEW YORK ( TheStreet) --- Chinacast Education (CAST), China Education Alliance (CEU) and ChinaEdu (CEDU) are three Chinese companies in the education sector, which have been growing at a rapid pace and are trading at cheap 12-month earnings multiple. Moreover, the macro picture looks bright with government expenditure toward the sector targeted to increase by 4% of GDP by the end of the year compared to 2.7% in 2005.Strong support from the government coupled with increasing globalization has led to rapid and consistent growth in China's education sector. The government has opened up the sector to private players and is providing substantial support to improve the quality of non-public funded education.
3 China Online Education Stocks to Watch
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