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Chinese Tutoring Giants Set Sights on Overseas Expansion — Lin Xi

Summary:
The Chinese people are such fanatics about educating their offspring that the Chinese government felt it needed to step in and give the kids a break by liming their exposure to both formal education (amount of homework) and informal education (after-school tutoring). Tutoring was a growth industry in China until the reforms curtailed it. It had already expanded outside mainland China and now the push is on to expand it further to make up for the market lost in China. It serves not only Chinese living abroad but other Asian, Asians in general tending to be obsessed with education in comparison with Western interest in it.Education and health are key components of a nation's infrastructure. Infrastructure provides both a tangible foundation for national progress and also an intangible one

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The Chinese people are such fanatics about educating their offspring that the Chinese government felt it needed to step in and give the kids a break by liming their exposure to both formal education (amount of homework) and informal education (after-school tutoring). 

Tutoring was a growth industry in China until the reforms curtailed it. It had already expanded outside mainland China and now the push is on to expand it further to make up for the market lost in China. It serves not only Chinese living abroad but other Asian, Asians in general tending to be obsessed with education in comparison with Western interest in it.

Education and health are key components of a nation's infrastructure. Infrastructure provides both a tangible foundation for national progress and also an intangible one in terms of the quality of human resources assessed on the basis of the ability to apply knowledge and skills and to grow. This constitutes labor as a factor of production versus capital and land.

If you are interested in education or China, this is an interesting article that takes only a couple of minutes to read.

Sixth Tone
Chinese Tutoring Giants Set Sights on Overseas Expansion
Lin Xi

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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