The country is planning to overhaul the university system to attract larger numbers of foreign applicants.
The earmarked funding, increasing by 8.7 percent compared with 2015, will be the government's biggest public expenditure in 2016.
The city of Zhangjiagang in Jiangsu province hosted a higher education graduate job fair on Jan 30 with 302 companies offered more than 5,500 posts.
Another 38 universities in China qualified to enroll a sum-total of 2,970 international students to study clinical medicine, the ministry announced.
More than 90 percent of Bachelor degree graduates from 75 universities overseen by the Ministry of Education found jobs in 2015, with Beijing, Shanghai and Guangzhou the most favored cities.
On Jan 27, the leaders from Nantong University held a press conference for the recruitment of global talents with the annual salary of 1,000,000 yuan, at Jiangsu Provincial Department of Education.
Nantong University was co-founded by the government of Jiangsu province and the Ministry of Transportation, to be a comprehensive provider of higher-level education.
The Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), released their lists of 131 newly-elected academicians, including seven from Jiangsu.