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Digital Dive: Top stories on digital developments making waves in the APAC beauty industry
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School s out? Tuition curbs pile on the anxiety for China s parents
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School s Out? Tuition Curbs Pile On The Anxiety For China s Parents By Beiyi SEOW
07/29/21 AT 11:05 PM
In Beijing s exclusive Haidian district, Zhao says she ploughs $10,000 a year into extra classes for her eight-year-old, a leg up in the competitive scramble of modern China and an advantage the state now wants to restrict.
As they scythe down oversized businesses, Chinese authorities say the vast tutoring sector has to turn non-profit, effectively wiping out the business models of education companies that have spun billions from the anxieties of China s parents. Chinese authorities have announced restrictions on the country s vast tutoring sector, effectively wiping out the business models of many companies Photo: AFP / NOEL CELIS