China appears to have sent a message to the market with a recent 67 million yuan (US$9.7 million) fine on an unregistered education firm: the government is not planning to reverse its ban on after-school tutoring any time soon.
With Beijing striving to boost consumption and create jobs, there had been growing speculation that authorities might relax their restrictions on private academic tutoring – an industry that had been worth tens of billions of dollars before the 2021 ban.
But that now…
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