Alarmed by the reaction, Beijing is understood to have contacted companies to urge price restraint. China's consumer price index rose 4.9 per cent year-on-year in February.

These shows of restraint may signal a turnaround from the whopping tuition increases of recent years, as some schools now consider using their endowments to control price hikes.

This paper analyzes the aspects of the restraint the financial accounting has on price and the new changes it effects in the future.