Human Interest

Reuters ahead with exclusive news on China’s private tutoring crackdown

On Friday, China released sweeping new rules barring for-profit tutoring in core school subjects in an effort to ease financial pressures on families that have contributed to low birth rates. The news sent shockwaves through China’s $120 billion private tutoring industry and triggered a massive sell-off in company shares, with some of the stocks falling more than 60% in a day. However, Reuters has kept clients and readers well ahead, exclusively flagging the plans for a crackdown back in May, as well as revealing the tougher rules being framed for the sector in a June report. Shares in leading Chinese private education companies dropped after both Reuters scoops, which also led to research reports by leading brokerages at that time. 

Article Tags
Topics of Interest: Human Interest
Type: Reuters Best
Sectors: Education ServicesEquities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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