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Harvard has a 30 billion dollar endowment but it still must carefully manage her expenses and make her spending cost-effective. Here is a interview with the Vice President of finance and the Executive VP of Harvard about how Harvard makes her financial decisions in connection with her academic ambition. http://news.harvard.edu/gazette/story/2012/11/harvards-changing-financial-profile/?utm_source=SilverpopMailing&utm_medium=email&utm_campaign=11.02.12%2520%281%29 

The interview report is quite revealing and, I believe, useful to administrators of Chinese universities, national or private, aspiring to do the same.