China eases 'double reduction' policy on private tutoring to stimulate economic recovery.

China is easing regulatory constraints on the private tutoring sector to stimulate economic recovery, following the strict 'double reduction' policy enacted in 2021. This earlier policy aimed to alleviate educational pressures on families but led to significant losses for tutoring companies and job cuts. Recent changes indicate a shift in approach, contributing to rising stock values in the education sector as part of broader efforts to boost consumption and growth.

October 28, 2024
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