The Chinese Communist Party is regulating the nation’s real estate sector to ensure that families can afford housing.
The move comes days after the Chinese government <a href="https://www.dailywire.com/news/china-cracks-down-on-120-billion-private-tutoring-industry">unveiled</a> new regulations for the nation’s $120 billion private tutoring industry, which authorities believe will decrease costs for families. Chinese parents routinely seek tutoring services throughout children’s primary and secondary education — by some estimates, between $17,400 and $43,500 per year — to prepare them for the National College Entrance Examination, which determines eligibility for undergraduate education.

China Cracks Down On Real Estate Industry So That Families Can Afford Housing

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China Cracks Down On Real Estate Industry So That Families Can Afford Housing