The paper proves that richer promotes more educational equity, based on OLS models with Chinese national data from 1997 to 2015, and the empirical analysis of the Variable-Intercept fixed-effect model upon the panel data of the 31 provinces of China from 2004 to 2015. We suggest that the government should work out the educational support policies for those relative poor regions and assistant policies to prevent the detrimental effect between the economy and education there.