Shares in Chinese online tutoring firms tumbled after Beijing stripped them of their ability to profit from teaching core subjects.
The new approach also limits foreign investment in the slotxo android industry.The big policy change comes as authorities try to ease financial pressure on child support. After China announced a record low birth rate
It is one of the largest overhauls of the country's private tutoring department at $120 billion (£87 billion).Under the guidelines jointly issued by the General Office of the CPC Central Committee and the Office of the State Council.
The new rules also state: “Curriculum-based tutoring institutions are not allowed to go public to fund. Listed companies should not invest in institutions. and prohibiting foreign funds from such institutions.