Zhejiang University, which is based in Hangzhou, signed a memorandum of understanding with Imperial College London on May 15 to make it the first Chinese university to set up a campus overseas. The proposed $228 million site could host up to 3,000 scientists. The details of the project are still being discussed and the agreement is non-binding, according to the Telegraph. Zhejiang University is one of China’s top five universities and currently receives significant funding from the Chinese government for science and technology research.

(Photo by Yiqun Jin via Flickr)

Posted by Ben Baden