Someone has compiled and posted this great infographic on Good.is about where wealthy Chinese send their children to study abroad with the following summary:
China spends a relatively small percentage of its budget on education, ranking 101st of 187 countries included in a recent United Nations Development Program report. That fact, combined with a reverence for the prestige of western nations’ elite schools, has prompted a growing number of wealthy Chinese parents to send their children abroad for high school and college.