In international development of education, the United Nation’s Sustainable Development Goal four monitors the scholarships offered by Western donors to developing countries. This paper, based on a qualitative study with 43 students from 26 developing countries, examined the foreign students’ perceptions of Chinese scholarships. By looking at students’ scholarship application, university experience and post-study plans, the findings revealed a centralised multi-level scholarship system, in particular attracting post-graduate students. The language of instruction in both Chinese and English, knowledge in shared development contexts and the perceived good value for future career had a combined effect to the students’ experience. In considering education as a cultural political economic ensemble in the global context, the paper concluded that China’s scholarship and higher education practice, serving the country’s soft power and representing South-South Cooperation, contributed to the global education targets from both quantity and quality dimensions but could step further towards education for social and global justice.