China’s policy u-turn on private education reveals failures in ‘Common Prosperity’ goals

China’s recent reversal on its private education policy reveals significant flaws in its “Common Prosperity” agenda. Last week, the government overturned a July 2021 ruling that banned private schools and tuition centers, which had led to the collapse of the $100 billion education sector. Many institutions and tutoring companies had closed following the 2021 clampdown.

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