This essay illustrates the opportunities and tensions associated with delivering transnational higher education (TNHE) services through a collaborative educational alliance between a Chinese and an Australian university in a global environment in which the interests of stakeholders are constantly shifting. Stakeholders in this alliance include the university partners, the two faculties delivering the program, and the Chinese government and industry that share concerns about the practical skills of business graduates entering diverse industry sectors that are experiencing unprecedented growth and related skill shortages.



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