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Abstract The main task of basic compulsory education is to train basic universal human capital.The target of this education is to set up a competitive compulsory education market，which uses unified education vouchers issued by the central government and gives every student an equal opportunity to realize their potential.This will promote fairness and efficiency through education vouchers and through competition between schools.Basic compulsory education should extend to twelve years and include technical schools.There are two methods to solve universal basic compulsory education funds: one is that all places are paid by central finance；the other is that places which hold net graduate outfolws and inflows are treated differently,for places holding net outflows education is all paid by central finance,for places holding net inflows education is shared by central finance and local finance according to a certain proportion.An effective mechanism on information disclosure is needed to avoid the unpleasant results caused by asymmetric information between schools and families.
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2011, Vol. 41 
