China’s Compulsory Education Law, determining the development of compulsory education, was first promulgated in 1986 and then amended in 2006. It has been a symbolic milestone in the history of Chinese education. During two decades, there have been totally 8 influential reforms in compulsory education funding policy. From the viewpoint of practical analysis and value analysis about policy changes, China’ s compulsory education funding policy is still in a state of dramatic changes and mixed changes, which shows some disadvantages.