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Tech Stocks Tumble After Chinese State Newspaper Compares Internet Gaming to Opium
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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
Un enfant avec ses parents pour prendre un cours de soutien privé à Pékin, le 28 juillet 2021 (AFP/NOEL CELIS)
Plus de cours de soutien le week-end ni pendant les vacances: prises au dépourvu par le tour de vis de Pékin au secteur éducatif privé, des familles obsédées par la réussite de leurs enfants cherchent un plan B.
L industrie des cours de soutien et des préparations d examens est un créneau extrêmement juteux en Chine, où l enseignement est particulièrement compétitif et élitiste.
Un décret du gouvernement publié le week-end dernier est venu bousculer les parents chinois, qui ont pour habitude d inscrire leurs enfants à une multitude de cours extrascolaires, souvent fort coûteux.
China s private education firms brace for hit from new rules
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