Link in Chinese: https://tinyurl.com/5nu8kebn
(We will monitor the frequencies and fees of extracurricular tutoring for students. In order to balance the educational cost on families and schools, we will strictly govern out-of-school tutoring.)
[0] http://www.gov.cn/zhengce/2021-07/20/content_5626190.htm
Declining birth rate is definitely a major metric that the Chinese government is secretly watching closely. There are reports that Beijing is hiding all birth rates by region https://www.reddit.com/r/China/comments/mritl5/breaking_xinj.... Also, Nikkei reports that newborns are down 18% y/y https://asia.nikkei.com/Economy/China-s-population-growth-sl.... And the recent government relaxation to 3 kids have been mocked by the netizens in China as pointless. IMO, China will not be able to reduce falling birth rate with any government policies, since most families have been indoctrinated with 1-child policy for decades.
Attack on private tech companies The attacks on Alibaba, Tencent, Didi and others are two fold: to reduce individuals power within the CCP controlled economy, and to remove their potential to list abroad so as to reduce capital outflow. The trend is for these Chinese tech companies to weaken in the upcoming decades.
Something that wasn't mentioned in the article, but warrants a strong mention. Reduce free thinkings. The Chinese government have been introducing mao-era communist party thinkings into public schools. (or brainwash, whichever). The shutting down of private schools will enable the public schools to exert even more power on the kids. This is also in line with the Chinese government shutting down mosques and churches in recent times.
Also something else bears mentioning in the context of this: Chinese government is actively reducing the number of uyghur births. https://www.bbc.com/news/world-asia-china-57383548.
tl;dr Once the U.S. listing is successful, the investor's return is in U.S. dollars. If funds return to China, they will enjoy various preferential treatments for overseas capital. Of course, it is also possible not to return to China and to be divided among the bigwigs hidden in investment institutions. Therefore, overseas listing for cash is an important way of capital outflow.
Incidently, the recent bitcoin shutdown by the Chinese government is also partly due to capital outflow concerns
I'd like to know where this explanation is coming from. Is that something that the CCP actually stated somewhere, or is the the author assuming?