China Education Firms Jump as Xi Seeks Higher Quality Workforce
- Nation needs to address demographic trends, Xi tells officials
- China population shrank in 2022 for first time in six decades.
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China’s education companies surged after President Xi Jinping stressed the importance of improving the quality of the workforce given the declining birthrate and aging population.
XueDa XiaMen Education Technology Group Co. and China Reform Culture Holdings both jumped by the 10% limit in early trading Monday, while Offcn Education Technology Co. and Beijing Kaiwen Education each advanced around 7% before paring gains.