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New Oriental Education Technology Group Co., Ltd., a prominent player in the Chinese tutoring industry, saw its stock price hit a record low of 1.68 in August 2021. To cut costs and minimize economic losses, New Oriental Education also cut staff and stopped shifting its business focus from K-12 education consulting to quality-oriented education.
As of 2022, China ranks first in the all-time medal ... Plan and realize compulsory 9-year education, the system needed 1 million new teachers for primary schools ...
The S&P 500 peaked for the year at 4,796 on its January 3, 2022 close, before declining 25% to its low for the year in October 2022. [11] [12] In the first 6 months of 2022, the S&P 500 fell 21%, the worst 6-month start to a year since 1970. [13] [14] On September 13, 2022, the S&P 500 declined by 4.32% in its largest single-day drop since June ...
Once the darlings of Wall Street and venture capital as recently as the beginning of this year, China’s edtech firms are now wondering if they will be able to remain solvent long enough to see ...
It offered help to kids who could not go to school due to the COVID-19 pandemic in subjects including mathematics, Chinese, English, and coding. After new rules were issued by the Chinese government preventing for-profit tutoring companies from earning a profit, the company's stock went down significantly, with a projected 70% decrease in 2022 ...
At the press conference, the NDRC announced it would issue 200 billion yuan ($28 billion) to local governments for spending and investment projects by year's end.
Education spending of countries and subnational areas by % of GDP ; Location % of GDP Year Source Marshall Islands 15.8 2019 [1] Cuba 11.5 2020 [2] Micronesia 10.5 2020 [2]
China's stock markets surged on Tuesday thanks to pent-up demand from a weeklong trading break — but jittery investors kept a lid on the rally. ... The CSI 300 is about 25% higher year to date ...