May 14, 2021
Children leave a school in Shekou area of Shenzhen, Guangdong province, China, April 20, 2021.
Reuters
China is framing tough new rules to clamp down on a booming private tutoring industry, aiming both to ease pressure on school children and boost the country s birth rate by lowering family living costs, sources told Reuters.
The clampdown will also have the effect of cooling China s cutthroat tutoring market for kindergarten through to the 12th grade, or K-12 pupils, that has grown exponentially in recent years to around $120 billion (S$160 billion).
At least one major company providing tutoring services has put a billion-dollar private fundraising round on ice amid increasing scrutiny from Beijing and looming industry uncertainty, according to three separate sources.
EXCLUSIVE-China planning new crackdown on private tutoring sector - sources Reuters 1 hr ago
(Updates share closing price in penultimate para; fixes typo in last para)
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By Julie Zhu and Yingzhi Yang
HONG KONG/BEIJING, May 13 (Reuters) - China is framing tough new rules to clamp down on a booming private tutoring industry, aiming both to ease pressure on school children and boost the country s birth rate by lowering family living costs, sources told Reuters.
The clampdown will also have the effect of cooling China s cutthroat tutoring market for kindergarten through to the 12th grade, or K-12 pupils, that has grown exponentially in recent years to around $120 billion.
HONG KONG/BEIJING China is framing tough new rules to clamp down on a booming private tutoring industry, aiming both to ease pressure on school children and…
China plans new crackdown on booming online private tutoring sector
Photo: Internet Archive
May 13, 2021
China is framing tough new rules to clamp down on a booming private tutoring industry, aiming both to ease pressure on school children and boost the country’s birth rate by lowering family living costs, sources told Reuters.
The clampdown will also have the effect of cooling China’s cutthroat tutoring market for kindergarten through to the 12th grade, or K-12 pupils, which has grown exponentially in recent years to around $120 billion.
At least one major company providing tutoring services has put a billion-dollar private fundraising round on ice amid increasing scrutiny from Beijing and looming industry uncertainty, according to three separate sources.
China is framing tough new rules to clamp down on a booming private tutoring industry, aiming both to ease pressure on school children and boost the country's birth rate by lowering family living costs, sources told Reuters.