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China's crackdown on education providers sends stocks tumbling. JPMorgan says the new rules could make the sector 'un-investable'

1 month ago   |   By Business Insider

Summary List Placement Chinese education stocks tumbled on Monday after officials confirmed that new regulations would be put in place that ban after-school tutoring businesses from making a profit.
The competitive nature of China's education system has driven demand for private learning and tutoring for students, spurring immense growth in the sector. After news of the new rules emerged, education stocks dropped steeply on Monday, dragging down Asian equity markets.
On the Hong Kong stock exchange, New Oriental Education and Technology Group shares closed 47% lower at HK$16.00 , having...
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