Business & Finance

Reuters reveals China to unveil tough new rules for private tutoring sector

Reuters broke the news that China is poised to unveil a much tougher than an anticipated crackdown on the country’s $120 billion private tutoring industry, including trial bans on vacation tutoring and restrictions on advertising. The imposition of a trial ban on both online and offline tutoring over the summer and winter holidays in Beijing, Shanghai and other major cities, cited by the sources, goes much further than the planned measures first reported by Reuters last month.

Market Impact

Shares of Hong Kong-listed Chinese education services providers plunged following the report.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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