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Understanding China’s Double Reduction Policy on Educational Economy

Author

Listed:
  • Qichao Wang

    (Polish Studies Center, School of International Relations, Institute of Area Studies, Xi’an International Studies University)

  • Xiaotong Luo

    (Wuhou High School, Chengdu)

  • Jie Yang

    (College of Artificial Intelligence, Chongqing Industry & Trade Polytechnic)

Abstract

In July 2021, the Chinese government released the “Opinions on Further Reducing the Burden of Homework and Off-campus Training for Students in Compulsory Education” (hereinafter referred to as “Double Reduction” policy) at all levels of schooling in compulsory education system – including high schools, and offcampus education and training institutions – which were strictly implemented according to the policy. This paper briefly describes the impact of China’s recent double reduction policy on the educational economic and evaluates its implementation process from macroeconomic perspective, by analyzing the private after-school and smart education industry, and by gaining an insight into the purpose and impact of the China’s intention on private tutoring firms. It concludes that the “double reduction” policy has a complex and far-reaching impact on China’s educational economy and on the related job market, as well as on the distribution of the family income and on education-relevant expenses, which is mainly reflected in family education costs. The findings also demonstrate that the smart education industry has rapidly grown after the launch of the policy.

Suggested Citation

  • Qichao Wang & Xiaotong Luo & Jie Yang, 2022. "Understanding China’s Double Reduction Policy on Educational Economy," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(1), pages 63-69, June.
  • Handle: RePEc:ntu:ntugeo:vol10-iss1-63-69
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    Citations

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    Cited by:

    1. Zhao, Nan & Shi, Chunyan & Wang, Chenyang, 2024. "Effects of the “double reduction” policy on the commercial tutoring sector in China," International Journal of Educational Development, Elsevier, vol. 105(C).

    More about this item

    Keywords

    “double reduction” policy; economy; New Oriental; TAL education group; impact; smart education;
    All these keywords.

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • I2 - Health, Education, and Welfare - - Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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