A new university being proposed by the Chinese billionaire founder of Fuyao Glass Industry Group, the company featured in the Oscar-winning 2019 documentary American Factory, has received preliminary approval from education authorities.
The Chinese Ministry of Education granted a licence to Fuyao University of Science and Technology (FYUST) in Fuzhou, capital of southeast Fujian province last 13 January, to provide undergraduate education. A public consultation is ongoing right now.
Heren Charity Foundation, established by Fuyao Glass founder and chairman Cao Dewang, has donated 10 billion yuan (US$ 1.36 billion) worth of Fuyao shares to the project, which was announced in 2021.
Cao aspired to "benchmark FYUST against Stanford University" in the US, said the Chinese university's president Wang Shuguo, according to local media reports. He also said the school would start recruiting students this year.
FYUST "aims to become a high-level science and engineering research-oriented university", according to its official website. The institution will begin with seven faculties, including materials science and technology, computer science and engineering, and mechanical engineering and automation.
FYUST is the only private institution among the 14 newly-approved tertiary colleges in China, including eight others that also focus on science and engineering. Beijing is striving to close its gap with the US and Europe in advanced technologies, such as semiconductors, artificial intelligence, and smart manufacturing.
Fuyao Glass, based in Fujian, shot to international fame in 2019 after the release of a documentary about the cultural conflict between the Chinese company and its American employees at a factory in the US state of Ohio.
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