Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The […]
Move could affect tens of thousands of foreign tutors overseas A leading private education agency in China announced over the weekend the suspension of courses administered by foreign-based tutors, as the company moves to comply with new regulations for the private tutoring sector, which could affect tens of thousands of […]
The Delta variant is challenging China’s costly strategy of isolating cities, prompting warnings to Chinese leaders that a less disruptive approach is needed to try to keep the coronavirus out of the country. As the highly contagious variant pushes leaders in the U.S., Australia and elsewhere to renew restrictions, Chinese […]
China has banned for-profit tutoring in core education to rein in the country’s private education industry and improve school-life balance for families. Dezan Shira & Associates experts suggest foreign-invested enterprises in for-profit tutoring in core education to stop engaging in such activities and change their registered scope accordingly. Foreign-invested enterprises […]
Changes sent shockwaves across China’s $120bn private tutoring sector, leading to a huge sell-off in listed firms. China’s private education firms are bracing for a “material” hit to their operations after Beijing announced new rules barring for-profit tutoring in core school subjects to ease financial pressures on families. China unveiled […]