Economics at your fingertips  

Understanding China’s Double Reduction Policy on Educational Economy

Qichao Wang (), Xiaotong Luo () and Jie Yang ()
Additional contact information
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

Global Economic Observer, 2022, vol. 10, issue 1, 63-69

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.

Keywords: “double reduction” policy; economy; New Oriental; TAL education group; impact; smart education (search for similar items in EconPapers)
JEL-codes: A2 I2 I25 I28 (search for similar items in EconPapers)
Date: 2022-06
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... ol10_no1_art_006.pdf First version, 2022 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Global Economic Observer is currently edited by Serghei Margulescu and Simona Moagar-Poladian

More articles in Global Economic Observer from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC., Institute for World Economy of the Romanian Academy
Bibliographic data for series maintained by Stefan Ciucu ().

Page updated 2023-11-11
Handle: RePEc:ntu:ntugeo:vol10-iss1-63-69