Why Did China Crack Down on Its Ed-Tech Industry?

The Chinese regulatory authorities have been keeping investors on the edge of their seats this year. Domestic fintech firms were among the first targeted by Beijing. Next came ride-hailing and food delivery. Now ed-tech giants have rounded out the lineup. To understand the latest development, it is crucial to unpack the chronic love-hate relationship between Chinese parents and China’s private tutoring industry, says Zak Dychtwald, founder of the advisory firm Young China Group. “There’s enormous pressure on parents and children to give their kids a head start and to get them into…

Delta Variant Challenges China’s Costly Lockdown Strategy

Advertisement The Delta variant is challenging China’s costly strategy of isolating cities, prompting warnings that Chinese leaders who were confident they could keep the coronavirus out of the country need a less disruptive approach. As the highly contagious variant pushes leaders in the United States, Australia, and elsewhere to renew restrictions, President Xi Jinping’s government is fighting the most serious outbreak since last year’s peak in Wuhan. The ruling Communist Party is reviving tactics that shut down China: Access to a city of 1.5 million people has been cut off,…