China crackdowns on private tutoring. They want to ease pressure on school children and boost the country’s birth rate by lowering family living costs. The country has a booming private tutoring industry for K-12 students. It has grown up to $120 billion in recent years. According to exclusive Reuters reporting, at least one major company that provides tutoring services halted a billion-dollar private funding round. This comes in the midst of criticism from Beijing and uncertainty in the industry.
The changes, which were drafted by the Ministry of Education and other authorities, will target before- and after-school K-12 tutoring. These rules may be released as early as the end of June. Under the planned rules, on-campus academic tutoring classes will be banned, as well as on and o...
