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China Bans For-Profit Tutoring

New regulations on the education sector:

  • Companies and institutions that teach the school curriculum must go non-profit
  • Such institutions cannot pursue IPOs, or take foreign capital
  • Listed companies will be prohibited from issuing stock or raising money in capital markets to invest in school-subject tutoring institutions, or acquiring their assets via stock or cash
  • Foreign firms are banned from acquiring or holding shares in school curriculum tutoring institutions, or using VIEs (variable interest entities) to do so. Those already in violation need to rectify the situation
  • All vacation and holiday cirriculum tutoring is off-limits
  • Online tutoring and school-curriculum teaching for kids below six years of age is forbidden
  • Agencies cannot teach foreign curriculums
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China to impose reciprocal sanctions against 6 US individuals, 1 entity

https://www.globaltimes.cn/page/202107/1229501.shtml China imposes sanctions against former US Secretary of Commerce Wilbur Louis Ross, Chairman of US-China Economic and Security Review Commission (USCC) Carolyn Bartholomew, former Staff Director of Congressional-Executive Commission on China (CECC) Jonathan Stivers, DoYun Kim at National Democratic Institute for International Affairs, senior program manager of the International Republican Institute (IRI) Adam Joseph King, China Director at Human Rights Watch Sophie Richardson, and Hong Kong Democratic Council.  

Wilbur Louis Ross
Carolyn Bartholomew
Jonathan Stivers
Sophie Richardson
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At least 25 dead as rains deluge central China’s Henan province

7-23-21 Death toll in HenanFloods climbs to 51 in Zhengzhou; 400,000 people have been evacuated. Direct economic loss amounted to 65.5 billion yuan (about $10.11 bln)

https://www.reuters.com/world/china/heavy-rainfall-kills-12-central-chinas-henan-provincial-capital-xinhua-2021-07-20/

7-20-21 At least 25 people have died in China’s flood-stricken central province of Henan, a dozen of them in a subway line in its capital Zhengzhou, and more rains are forecast for the region.

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China achieves breakthroughs in self-developed no liquid helium dilution refrigerators

https://www.globaltimes.cn/page/202107/1228501.shtml

China achieves breakthroughs in self-developed no liquid helium dilution refrigerator, targeting the bottleneck problem in quantum computing, as the technology will guard China’s study and development of quantum computing with a steady cryogenic guarantee, according to an announcement from the Institute of Physics, Chinese Academy of Sciences in June.