Since 2004, China has established hundreds of “Confucius Institutes” at many colleges and universities around the world. The purpose of their establishment is to promote Chinese language and Chinese culture. The total budget for the project is about US$10 billion and the cost for establishing an institute is about US$150,000 to US$200,000, with the addition of follow-up financial aid.
Today, the Chinese government has established more than 300 Confucius Institutes and more than 300 Confucius Classrooms in more than 90 countries. Each institute also offers scholarships to several students to study in China.