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)

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Oil prices near $100 a barrel and stocks sink as Ukraine crisis deepensMounting concerns over the conflict are hitting global financial markets driving up crude prices to an eight-year high. UK barrage all bluff from Russian funded liar “Boris” . “ Sanctioning 5 wee banks and 3 non resident oligarchs suggests the Government cares more about protecting Tory party donations and Londongrad Property Market than it does about imposing meaningful sanctions against Moscow” Which US govt officials have financial investments in Russian interests? Which US based corporations and US Allies have business agreements with Russia?
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