Last year, Go8 universities enrolled nearly 50 per cent of all international students and 75 per cent of Chinese students. Sunny Yang, pro vice chancellor of global partnerships at the University of Newcastle, said the policy acted like a “golden ticket” with graduates from the world’s top 50 universities receiving the rights to live and work in Shanghai and Beijing. That brings with it the right to buy property in those cities, access to the best schools and jobs. “A lot of the industries went through a massive job shedding job cuts over the last couple of years due to...