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China Announces Ban On $100B For-Profit Education Sector

China Announces Ban On $100B For-Profit Education Sector

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What Happened: China has announced a set of regulations that effectively ban the operation of for-profit education companies in the country. The new rules will no longer allow companies that teach school subjects to accept overseas investment, which could include capital from offshore registered entities of Chinese firms, according to a notice released by the State Council of China.

...read full article on Benzinga

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