Based on theories of economics, sociology, and education, the book aims to explore the role of government and the market in China's higher education investment. The authors comprehensively overview the characteristics of China's higher education investment system, including government funding, tuition fees, and social donations. In particular, an econometric model has been established to estimate the impact of university investment on the scale of regional higher education and average university student expenditure. Besides, they also make an international comparative analysis of the current changing trend of higher education investment structure and put forward countermeasures and suggestions to improve the government's financial and social investment in higher education. Professional scholars and postgraduate students studying Chinese higher education, the economics of education and education finance will find this book helpful and inspiring.