The Impact of Chinese “Double Reduction” Policy on Listed Educational Tutoring Institutions

Taking New Oriental Study Group as an Example

DOI

10.2991/aebmr.k.220307.326How to use a DOI?

Keywords

Extra-curricular classes; Double Reduction policy; New oriental; Extra-curricular classes; Compulsory education

Abstract

Nowadays, Chinese students are under tremendous pressure to study. Chinese government published a new policy called Double Reduction Policy in order to solve this problem. Double Reduction means reducing the heavy homework burden and after-school training burden of students in the stage of compulsory education. This paper introduces what is Double Reduction policy, and analyzes the advantages and disadvantages of this policy, which demonstrates that the Double Reduction policy has a generally negative impact on New Oriental in three aspects. Firstly, K9 business is prohibited by the Double Reduction policy, and the businesses of high school students and preschool children are also negatively impacted by this policy. Secondly, the policy causes a decline in stock share price. Thirdly, the policy leads to the teacher’s resignations. The study puts forward three solutions on the issue of the policy’s negative impact on businesses.

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.

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TY  - CONF
AU  - Xilin Chen
PY  - 2022
DA  - 2022/03/26
TI  - The Impact of Chinese “Double Reduction” Policy on Listed Educational Tutoring Institutions
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1986
EP  - 1991
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.326
DO  - 10.2991/aebmr.k.220307.326
ID  - Chen2022
ER  -