Understanding China’s Double Reduction Policy on Educational Economy

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 schoo...

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Main Authors: QICHAO WANG, XIAOTONG LUO, JIE YANG
Format: Article
Language:English
Published: Nicolae Titulescu University 2022-06-01
Series:Global Economic Observer
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Online Access:http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_006.pdf
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author QICHAO WANG
XIAOTONG LUO
JIE YANG
author_facet QICHAO WANG
XIAOTONG LUO
JIE YANG
author_sort QICHAO WANG
collection DOAJ
description 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.
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spelling doaj-art-de8d5c718c29492e8778f5e71d05b5e92025-08-20T03:40:41ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502022-06-011016369Understanding China’s Double Reduction Policy on Educational EconomyQICHAO WANG0XIAOTONG LUO1JIE YANG2 PhD. Polish Studies Center, School of International Relations, Institute of Area Studies Xi’an International Studies University, Lecturer CHINA, Wqc0410@sina.com Wuhou High School, Chengdu, Teacher CHINA, 254062408@qq.comPhD. College of Artificial Intelligence, Chongqing Industry & Trade Polytechnic, Associate Professor CHINA, jayoung@aliyun.comIn 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. http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_006.pdf“double reduction” policyeconomynew orientaltal education groupimpactsmart education
spellingShingle QICHAO WANG
XIAOTONG LUO
JIE YANG
Understanding China’s Double Reduction Policy on Educational Economy
Global Economic Observer
“double reduction” policy
economy
new oriental
tal education group
impact
smart education
title Understanding China’s Double Reduction Policy on Educational Economy
title_full Understanding China’s Double Reduction Policy on Educational Economy
title_fullStr Understanding China’s Double Reduction Policy on Educational Economy
title_full_unstemmed Understanding China’s Double Reduction Policy on Educational Economy
title_short Understanding China’s Double Reduction Policy on Educational Economy
title_sort understanding china s double reduction policy on educational economy
topic “double reduction” policy
economy
new oriental
tal education group
impact
smart education
url http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_006.pdf
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