Why China’s tutoring ban is one step towards ‘common prosperity’

//Why China’s tutoring ban is one step towards ‘common prosperity’

Why China’s tutoring ban is one step towards ‘common prosperity’

Whatever the yelps and outrage of international investors in New York-listed companies like New Oriental and TAL Education that have for the past decade driven explosive growth in China’s US$100 billion private tutoring sector, the cynical side of me says their crash over the past month had the smell of inevitability about it.It was not just inevitable. It was a good thing.China’s President Xi Jinping was not wrong to bring them back down to earth, nor to call them “a chronic disease” that…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-09-05T13:30:11+00:00 September 5th, 2021|Business|Comments Off on Why China’s tutoring ban is one step towards ‘common prosperity’