Day: July 29, 2021

Advertisement China has managed to chaperone its South Asian neighbors by launching the China-South Asia Emergency Supplies Reserve and Poverty Alleviation and Cooperative Development Center, the results of a virtual meeting convened by Chinese Foreign Minister Wang Yi and attended by the foreign ministers of Afghanistan, Bangladesh, Nepal, Pakistan, and Sri Lanka (excluding India, Bhutan, and the Maldives) on April 27. The assistant foreign minister of China and the ambassadors of the above-mentioned South Asian countries got together in Chengdu on July 9 to set up these platforms, which aim…

Advertisement Over the weekend, Beijing announced new rules cracking down on the country’s booming education industry. A draft policy circulated by China’s top governing entity, the State Council, included steps to force after-school tutoring companies to register as nonprofits. No new licenses are to be issued. This move prevents tutoring firms from going public and raising capital, while already listed companies are banned from acquiring or investing in other services in the education sector. In addition, extracurricular tutoring is barred on weekends, public holidays, and school vacations. In March, Chinese…