Chinese Tutoring Companies Take Big Financial Hit Amid Crackdown

Three U.S.-listed Chinese education companies reported heavy losses after Beijingfor most school-age children, showing the large financial toll of the crackdown on the industry last summer.

New Oriental Education & Technology Group Inc., one of the country’s largest private-education businesses, on Tuesday reported an $876 million loss for the six months to Nov. 30, compared with a net profit of about $229 million in its fiscal first half a year ago.

This is like half yr old news?

Now ban the Confucius Institutes in the US.

China is really on a downhill path when its own kids are forbidden to excel at school (mostly up and coming children from its disastrous one child policy)

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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