China’s education sector continues its rapid growth despite downturn - Manage Educational
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hina’s education sector continues its rapid growth despite downturn

26 Mar 2019. chinaknowledge.com

Mar 26, 2019 (China Knowledge) – China’s education sector is continuing with its breakneck growth driving by increasing demand in the country’s third and fourth-tier cities even despite an economic downturn in the country.

The fastest growth in the sector came from after-school tutoring such as private tuition and English classes as Chinese parents tend to be willing to spend on such education programs for their children, highlighting the recession-proof nature of the industry.

The private education sector is now expected to potentially have a market value or RMB 5 trillion by 2025 should it continue its current compound annual growth trajectory of 10.8% a year, far outpacing the growth of the public education sector which grew at a compound annual rate of 8.4% between 2014 to 2017 to RMB 4.2 trillion.

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2019-03-26T08:03:58+00:00