Investment in China’s Education Sector: Promising Prospects
China’s education sector is vast, driven by a large number of students and growing demand for diverse educational services. It’s dynamic, witnessing continuous innovation and adaptation to address evolving educational needs and preferences. Understanding China’s Education Market China has the world’s largest state-run education system, with 293 million students and 18.8 million teachers in more than 518,500 schools as of 2022. While the country mandates nine years of compulsory education – six years primary and three years secondary – access to higher education has become very common, with more than 10 million university graduates in 2022. Impact of China’s Policies on Education Market: Tutoring Ban In July 2021, the Chinese government launched a broad campaign against the tutoring sector, banning teachers from providing profit-making classes in school curriculum subjects. This policy called “Shuang Jian” (Double Reduction) sought to limit homework and tutoring. Notable Trends in Education Sector: Business Prospects and How to Enter the Chinese Market China’s education landscape is built on solid fundamentals: a large market and sustainable demand for good education at all levels. But entering or expanding in the sector presents challenges, especially for small institutions and new entrants. High barriers include service experience requirements, technical expertise, and strong sales channels. The fundamental obstacle involves navigating a distinctive regulatory environment and adapting content and technology to local standards, language, and educational preferences.