Very interesting article.

I work at a University which takes a lot of chinese students.

They will soon be opening facilities in China to reduce the cost.

No doubt this will involve traing Chinese staff to deliver degree courses.

They will also use a Virtual Learning environment (moodle.org) which is open source.

It would, as you say be very easy for the Chinese to use such software to sell degree courses back into western countries... once they have developed the expertise.