China is extending its regulatory storm from tech to education ...Middle East

Quartz - Economy

Just as China’s regulatory storm against big tech came abruptly and brutally, Beijing’s deepening crackdown on private education companies is plunging the entire sector into an existential crisis.China’s State Council and the Party’s central committee have jointly issued a set of rules (link in Chinese) aimed at curtailing the sprawling sector that has flourished thanks to massive funding from global investors and ever increasing spending from families fighting to help their children gain a better footing in life. After years of high growth, the size of the after-school tutoring sector has reached upwards of $100 billion, of which online tutoring services account for around $40 billion.“The

Hence then, the article about china is extending its regulatory storm from tech to education was published today ( Monday 26/07/2021 - 04:00 PM ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( China is extending its regulatory storm from tech to education )

Last updated : 26 July 2021 clock 04:00 PM

Also on site :

China is extending its regulatory storm from tech to education ...Middle East

HelloNation Article Featuring Insurance Expert Jose Gomez Clarifies Chicago Condo Insurance Coverage

Fujairah in Focus as Oil Flows Reroute Around Hormuz Crisis

/C O R R E C T I O N -- Zimperium/

Why Biomethane Trading Just Quietly Entered a New Phase

MDT stellt auf der Sensors Converge 2026 ultrakompakte TMR-Linearsensoren TMR2531 und TMR2539 für OIS in Smartphone-Kameras vor

Anthropic Gets in Bed With SpaceX as the AI Race Turns Weird

Using AI for Just 10 Minutes Might Make You Lazy and Dumb, Study Shows

The Central Asian Corridor Powering Russia’s Wartime Trade

How Brian Nutt of TruTrade Is Rethinking Automated Trading

U.S. Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows

Gladly Announces Agentic Commerce Capabilities at Gladly Connect Live

Trump Turns to Courts to Shield Big Oil from Climate Lawsuits

Sherwin-Williams Positions Itself as the One Partner for Data Center Construction

Germany Seeks Israeli Jet Fuel As Hormuz Disruptions Cripple Airlines

Expansion of Global Counter-UAS Market Driven by Significant Increases in U.S. and NATO Defense Budgets