Research on the Impact of China’s “Double Reduction” Policy on Out-of-School Remedial Classes

Recently, the Chinese government issued a "double reduction" policy aimed at reducing the academic burden of students in the compulsory education stage.At the same time, this policy also suppressed the education industry.This paper will take a deep look into the after-school tutoring industry which is the first industry that the government took action to.By analyzing the private after-school industry, we will gain an insight into the purpose, magnitude, and impact of the Chinese crackdown on private firms.This paper will first break down the new policy toward China's education industry.Then, collect representative firms' statistics and recent news to analyze the impact of the policy.This paper will show China's government's strong control towards its domestic market.It will cite the latest quote from the government to find the possible future moves.The Chinese government crackdowns on tutoring industry set guidelines for different type of tutoring classes and industries will have to reshape.The control of private tutoring industries from Chinese government is crucial to its goal of achieving common prosperity.