Not to diminish the PKU program at all:
- The program is new, with its first cohort having graduated in 2008 - this alone may be a reason to have lower admission requirements (i.e. to draw in students that are otherwise hesitant).
- One thing to note is that the PKU program is actually located off the main PKU campus, by about 2000 kilometers. While they may have a great program, this kind of distance may send a signal that its a cash-cow program (keep in mind the relative value of that low tuition in China, its not uncommon in China for local private schools to borrow/rent the names of Tsinghua and Beida to attract parents, etc).
- Being out of a business school, it is important to note how its business placements are. I ask because my main motivation in attending a fee-based program in China (I lived there previously) would be to obtain good connections that couldn't be developed in other programs; not for the necessarily for reputation outside of China (which will depend almost entirely on research connections of your professors).
- Very important is to determine how international students perform on the market (academic, private sector) after graduating compared to Chinese students. Are all the programs mixed/international, or do the Chinese take a Chinese language track and internationals in English?
But it looks like a pretty enticing program. IF it was on the main PKU campus I would have felt terrible for not applying to it a few years ago (due to my strong location preference towards Beijing and away from Shenzhen). As it is I feel a little foolish it didn't come on my radar :)