The Overhauling Educational Market and Reformation of Supplementary School Market in China
Stock Analysis, Impact Suggestions, and Future Trend Indications
These authors contributed equally
- DOI
- 10.2991/aebmr.k.220307.328How to use a DOI?
- Keywords
- Supplementary Education; K12 Education; 2021 Burden Alleviation Policy
- Abstract
This article focuses on the impact of the newly enacted policy document, Guidelines to Ease the Burden of Excessive Homework and Off-campus Tutoring for Students Undergoing Compulsory Education on supplementary education, which marks the clampdown of the profit-driven education sector. The analysis concludes that as a Black Swan incident, the 2021 Burden Alleviation Policy results in considerable negative impacts on the stocks of major supplementary education suppliers, resulting in a 9% decline in sales in the industry. This challenging circumstance pushes existing firms to transform their services: (a) from academic to interest-related, (b) from student-oriented to career-oriented, and (c) from offline to online. Meanwhile, the government administration should follow the strategy of “demand dispersion over jural prohibition”. It ought to reinforce the regulatory system, to increase investment on public services, and, if necessary, to mitigate the passive social impacts brought by supplementary education.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Yian Shen AU - Chenxu Wang AU - Yichun Wang PY - 2022 DA - 2022/03/26 TI - The Overhauling Educational Market and Reformation of Supplementary School Market in China BT - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) PB - Atlantis Press SP - 1996 EP - 2008 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220307.328 DO - 10.2991/aebmr.k.220307.328 ID - Shen2022 ER -