Private schools ponder China’s future after growth test failure

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08th Nov, 2023. 04:06 pm
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Private schools ponder China’s future after growth test failure.
The economic impact of the pandemic and a slowdown in economic growth.
Some schools are adapting to the changing landscape and exploring new opportunities.

Several shareholders of Dulwich College International are reportedly in discussions about the sale of the British school’s Asia operations, which are heavily concentrated in China.

This development reflects the ongoing upheaval in China’s $570 billion education sector, which has seen numerous international and private schools closing or merging due to increased regulatory restrictions, a slowing economy, and declining foreign student enrollments.

China experienced a rapid expansion of privately run bilingual schools offering a Western curriculum before the COVID-19 pandemic.

However, the education sector faced challenges as Beijing introduced new regulations in 2021 and cracked down on the private tutoring industry.

Additionally, the economic impact of the pandemic and a slowdown in economic growth have compounded the difficulties faced by these schools.

Dulwich College International operates nine schools in China, including bilingual schools aimed at Chinese nationals, which have been particularly affected by regulatory changes.

The company has scaled back its strategic growth plans in response to changing government regulations.

In response to inquiries about a potential sale of its Asia business, Education in Motion (EiM), which owns and operates Dulwich College International schools in China, South Korea, and Singapore, stated that it is in the process of bringing in a new strategic financial partner.

EiM emphasized that this is part of a planned refinancing process and not related to regulatory changes in any market.

The challenges faced by international and private schools in China have had broader implications, affecting student numbers, economic viability, and the country’s education system.

Some schools are adapting to the changing landscape and exploring new opportunities, such as attracting students from Belt and Road countries despite the difficulties.

The education sector in China continues to evolve, with a shift towards a more regulated and self-sufficient approach, aligning with the government’s objectives for scientific and technological self-sufficiency and a focus on patriotic education.

As geopolitical tensions affect the movement of foreign students and language requirements, schools are reevaluating their strategies for the future.

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Private schools ponder China’s future after growth test failure

Web Desk

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