Three Red Lines Policy – Regulating China’s Real Estate DevelopersEven before the recent turbulences around Evergrande and other property developers, the Chinese government has already been worried about a potentially overheating real estate market for several years now. In this Executive Briefing, we are providing some background on the issue and introduce one of the most impactful policy measures that has been introduced so far to reduce risks: the Three Red Lines Policy.Why was the Three Red Lines Policy implemented? The development of the Chinese real estate market in recent years (marked by rising housing prices and the growing debt …
China’s „Double Reduction“ in Education: Impacts and Opportunities
China’s „Double Reduction“ in Education: Impacts and OpportunitiesWhat does China’s Double Reduction mean? The General Office of CPC Central Committee and General Office of the State Council jointly released the “Opinions on Further Reducing the Burden of Homework and Off-Campus Training for Compulsory Education Students” on July 24, 2021, taking immediate effect. This “Double Reduction” policy is intended to improve the overall quality of school education, reduce excessive study burdens and protect the health of students, relieve the burdens and anxiety of parents, reduce social inequity, further regulate and standardize off-campus training (including both on-line and off-line training), and strictly …