China to Overhaul Education Sector ‘Hijacked by Capital’
- Companies that teach school curriculums to be non-profits
- Most tutoring is banned during weekends and vacations
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China announced a broad set of reforms for private education companies, seeking to decrease workloads for students and overhaul a sector it says has been “hijacked by capital.”
The new regulations, released over the weekend, ban companies that teach school curriculums from making profits, raising capital or going public. They can no longer offer tutoring related to the school syllabus on weekends or during vacations. They also can’t give online or academic classes to children under the age of six, a segment of the population that had increasingly been pushed to start studying early.