Private Schools in China Reevaluate Future Plans Following Disappointing Growth Results

Shareholders of Dulwich College International, a British school with operations in China, are reportedly in talks for a potential sale of its Asia business due to the challenges faced by private schools in China's education industry. Dozens of international and private schools in China have been closing or merging as a result of tighter regulations, a slowing economy, and declining foreign student numbers. The expansion of privately run bilingual schools offering a western exam curriculum was hindered by new rules imposed by Beijing and the crackdown on private tutoring. The COVID-19 pandemic and slowing economic growth have further exacerbated the challenges.