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)

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