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.