JohnDB
Platinum Member
- Jun 16, 2021
- 9,322
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This has to be one of the most ridiculous things that I've seen in a while.
For those who don't know...
School is compulsory for children for 9 years. (9th grade)
Then their education system becomes competitive... only slightly at first but getting more competitive as you progress. It gets rather cutthroat at the college level.
So most parents provide their children with private tutoring...for math and science and foreign languages especially.
These education courses WERE hugely funded by investors in the American stock markets...(and they had great profits)
By decree from Beijing they must all now be non-profit organizations.
Tens of thousands of people have just lost their jobs teaching or whatever for these tutoring services.
Lots of investors have lost 90% or more of their investments.
What becomes of the children? Anybody's guess.
For those who don't know...
School is compulsory for children for 9 years. (9th grade)
Then their education system becomes competitive... only slightly at first but getting more competitive as you progress. It gets rather cutthroat at the college level.
So most parents provide their children with private tutoring...for math and science and foreign languages especially.
These education courses WERE hugely funded by investors in the American stock markets...(and they had great profits)
By decree from Beijing they must all now be non-profit organizations.
Tens of thousands of people have just lost their jobs teaching or whatever for these tutoring services.
Lots of investors have lost 90% or more of their investments.
What becomes of the children? Anybody's guess.