This paper first introduces the background of the AACSB (Association to Advance Collegiate Schools of Business) accreditation, and then analyzes the current status of the participation of Chinese business schools in AACSB accreditation. Based on the data analysis, the paper points out that there are two main problems in the Chinese business schools AACSB accreditation: low participation rate and low success rate. The causes of these problems are concluded as language factor, standard factor as well as the misconception of the accreditation. Suggested solutions from the aspects of learning, communication, and ability enhance are given at the last part of the paper.