BreakingviewsCapital Calls: China schools its private tuition companies
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A teacher (C) speaks to students inside a classroom of Dalu primary school in Gucheng township of Hefei, Anhui province, China, September 8, 2015. The school, opened in 2006 and has never acquired a legal license, may face a shutdown order from the government. There are currently over 160 students in the school, mostly leftover children , whose parents left their hometown to earn a living, local media reported. Picture taken September 8, 2015. REUTERS/Stringer CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - GF10000198778
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SCHOOLED. Chinaâs wildly popular private tutoring industry is getting a surprise schooling from officials. Authorities are planning a crackdown on before-and-after school tutoring for kindergarten to pre-college students, according to a Reuters exclusive read more . The aim is to help boost the
China’s population peak hastens fiscal reckoning
China’s slow-moving population crash is speeding up. The government must now contemplate radical changes to policy to compensate, earlier than expected.
Beijing was supposed to publish results from its latest census in early April. Weeks later it remains under wraps, raising suspicions that worse-than-expected numbers are being tweaked. The Financial Times reported on April 27 that China’s population contracted for the first time in five decades last year, citing unnamed sources.
The statistics bureau indirectly denied that, but some officials expect the peak to come as early as 2025 regardless. Yi Fuxian, a well-known reproductive scientist, believes the national headcount began shrinking in 2018, and says this will prevent the Chinese economy from overtaking the United States.
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MERGER OF FEVERS. Friday s $1 billion acquisition of U.S. musical talent manager Ithaca won t just unite two of the industry s biggest phenoms this century under the same roof – Justin Bieber and K-Pop s BTS. It also will test the limits of how much investors swoon over the fortunes of acquirer HYBE.
Shares in the company formerly known as Big Hit Entertainment are now double last October s much-hyped initial public offering. And they have jumped some 15% since the merger https://www.prnewswire.com/news-releases/hybe-and-ithaca-holdings-join-forces-to-lead-the-global-music-industry-innovation-301261320.html was unveiled, adding roughly the value of the deal itself to HYBE s market worth, which now stands at $8.8 billion.
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Bumble founder and CEO Whitney Wolfe Herd gives an interview in the Manhattan borough of New York City, U.S., January 31, 2019. REUTERS/Caitlin Ochs
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SELF-MEDICATION. McKinsey is paying dearly for self-awareness. The consultants to the great and good are settling investigations over their role in America’s opioid epidemic for $573 million after advising the now infamous Purdue Pharma as painkiller-related addiction and death surged across the United States.