Education sector braces for Chinese baby boom
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Mainland Chinese private education providers are growing excited as they gear up for the expected lifting later this year of birth limits in mainland China.
In Australia, private education providers, including those in the tutoring industry, must be rubbing their hands together in anticipation too.
Companies that make baby products are already benefiting from a likely relaxation of China’s limited birth policy.
Photo: AP
As foreshadowed in Fairfax Media reports last month, Beijing plans to relax the two-child policy it implemented in 2015, as an adjustment to its unpopular one-child policy. Replacing this policy would be one called “independent fertility”, granting freedom to select the number of children in a family.
The State Council, China’s cabinet, has commissioned research on the implications of ending the country’s four-decade-long policy of limiting family size, according to Bloomberg, in an attempt to reduce the pace of ageing in the nation’s population.
Hong Kong business media reports considerable growth in the price of shares for mainland private education providers, especially in the early childhood sphere, which will be the first to benefit from the expected complete lifting on birth restrictions. Private education businesses based on primary, secondary and then tertiary interests will then likely see growth, stimulated by the huge capacity to pay of the growing mainland Chinese middle class. Already, high-fee charging Hong Kong private schools report increasing interest from the new wealth on the coastal mainland.
Article source: http://smh.com.au/sport/hockey-canberras-anna-flanagan-on-cusp-of-hockeyroos-return-20170925-gyol80.html
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