Goldman Sachs downgrades Chinese education titles later new regulation

Sorting of Xinhua bookstore staff out the new semiannual textbooks. Handan city, Hebei province, China, Aug.24, 2020.

Costfoto | Barcroft Media | .

Goldman Sachs downgraded three Chinese educational stocks listed in the US on Monday on expectations new the regulation will drastically cut the after-school service market for tens of billions of dollars.

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