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From Education to Bitcoin, New Restrictions in China

August 2, 2021
Source: otcpm24.com otcpm24.com
News Snapshot:
For months, China has been increasing restrictions on private companies operating in the country. Here are the industries facing new measures: Education In education, measures began on Saturday barring private, for-profit tutoring companies from raising investments outside the country. The new rules also said tutoring centers must operate as non-profit organizations. They also cannot offer subjects already taught in public day schools or hold classes on weekends or holidays. China’s competitive higher education system has made tutoring services very popular with parents. Private tutoring is a $120 billion industry in the country and includes several companies based overseas. But to...
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