I seriously doubt if there is any "CAPEX" as capital expenditures are funds spent to acquire assets. Any assets still there belong to any creditors and should have some residual value. The landlord, most likely had been paid in advance, would not have much claim on the assets other than possession.

In any case, the only people concerned would be those that are owed money and the opportunists who will make off with whatever they can take. Bet anything of value is long gone.

Trying to take over a school when someone has taken cash, plus whatever, is risky. I suspect there will be an endless parade of people trying to collect money.

My experience is dated, about eight years ago. I switched from a work visa to a student visa. I was required to leave China to do it. I went to Laos, got a tourist visa, returned to Kunming and enrolled at a language school to get the student visa.

This worked in 2010, but I have no idea if you can do it today.

@cloud: Aside from your logically false statement and using the subjective modifier "qualified," you slide right into the privilege argument. My son had a dream of going to MIT and graduated high school one class short of straight A's.

He got a full scholarship to Tufts University just four miles away from MIT. As a engineering student, the majority of his engineering classes were actually at MIT.

It seems that, as his mother is Vietnamese, he chose to identify as Asian. As an Asian, he wasn't qualified to be a MIT student. He learned from his MIT classmates that if he had identified as White he would have gotten into MIT.

A good friend, we served together and later worked together, in Vietnam, has a daughter who wanted to go to medical school. My friend, who is Black, also married a Vietnamese. Their daughter also identified as Asian and despite graduating at the top of her high school class, failed to gain entry to medical school.

These two "kids" now in their 50s, went on to successful careers despite not bringing "to the table" what top schools wanted when they were not chosen.

@Napoleon is right. For Chinese students the path to a US, or UK, education is costly with agents, fees, business agreements and money much more important than grades.

@tiger Thanks As for the last sentence, just a little rant. Just my reaction to Muslim prayer rooms and prayers in class rooms being in fad these days whilst anything Christian is expressly prohibited. Cross dressing and reverse gender role playing is quite rage. My concern is that these activities detract from useful learning.

Spending on students is one of those how you slice it issues. NY state spends the most, $22K, per student and Utah, $7K, the least. Yet Utah students test much higher than NY students. I guess I could deep dive into the numbers to try to find some kind of correlation. However, it is pretty clear that religious associated school produce

higher test scores at a lower cost.

@herenow: I completely agree that China's problem is largely due to a lack of resources, especially in rural areas.