China's harsh education crackdown sends parents and businesses scrambling

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China's harsh education crackdown sends parents and businesses scrambling
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The Chinese government's crackdown on after-school education companies has ripple effects across an economy in which parents prize education.

After-school tutoring can be costly, but many parents feel compelled to sign their children up so they stand a chance in the highly competitive college entrance exam system.

In Beijing, the hourly rate of a private one-on-one class anecdotally ranges from around 500 yuan to 2000 yuan. "I am a bit anxious,'' Cheng said. Her daughter will begin physics class in the fall, and Cheng estimates that 90% of her classmates will be studying for it during the summer break. Without extra studying time after school, Cheng said she is afraid her daughter will not be able to catch up, let alone excel in the new subject.

The consultancy predicted the market will break 1 trillion yuan by 2025. The growth was further accelerated by the Covid-19 pandemic, especially for online tutoring.

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