Topic: Sweeping new rules ban for-profit school tutoring in China

Reference:

1. https://www.reuters.com/world/china/exclusive-china-unveil-tough-new-rules-private-tutoring-sector-sources-2021-06-16/

2. https://www.bloomberg.com/news/articles/2021-07-24/china-bans-school-curriculum-tutoring-firms-from-going-public

3. https://www.china-briefing.com/news/china-bans-for-profit-tutoring-in-core-education-releases-guidelines-online-businesses/

4. https://monitor.icef.com/2021/08/sweeping-new-rules-ban-for-profit-school-tutoring-in-china/

Questions:

a. How do these changes in policy influence the Chinese economy? Both in the short-run and long-run.

b. What lesson(s) are expected to be learned for your business, industry, or country of origin? (open quesitons)