Authorities recently warned that if the private tutoring industry was allowed to develop unchecked, it would form ‘another education system’ outside the national education system. Photo: Shutterstock
Authorities recently warned that if the private tutoring industry was allowed to develop unchecked, it would form ‘another education system’ outside the national education system. Photo: Shutterstock

China stocks: New Oriental, TAL Education scrap earning releases, media calls amid regulatory storm

  • Two major Chinese tutoring firms have cancelled their upcoming earning events, citing ‘regulatory developments’
  • Beijing’s intensified crackdown on off-campus tutoring triggered a huge sell-off in Chinese education stocks

Authorities recently warned that if the private tutoring industry was allowed to develop unchecked, it would form ‘another education system’ outside the national education system. Photo: Shutterstock
Authorities recently warned that if the private tutoring industry was allowed to develop unchecked, it would form ‘another education system’ outside the national education system. Photo: Shutterstock
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