Annual Report Leaked ?, page-10

When the Chinese government announced a de facto ban on private education to reduce the burden of private education expenses, Chinese education companies listed in the US plunged by as much as 70%.

On the 24th, local media such as China's Jeiljae-kyung reported that the State Council of China announced an "opinion to reduce the burden of student assignments and after-school tutoring in the compulsory education stage."This is because, as the wealthy people in China improve their children's grades through private education, competition is spreading, with the middle class also having private education. The Chinese government is planning to completely ban private education.

One of the reasons why China declared war on private education is that the fertility rate has been increased by reducing the burden of education expenses as children avoid childbirth due to the burden of private education expenses.
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so it’s all about increasing birth rate…. Babies need infants..
how this could be a bad news for A2 while A2 increasing numbers of local stores in China…..

anyone got some ideas why this is a bad new to A2..???