finance

Goldman Sachs downgrades Chinese education stocks on prediction market will 'shrink significantly'


Xinhua bookstore staff sort out the new semester textbooks. Handan city, Hebei Province, China, 24 August 2020.

Costfoto | Barcroft Media | Getty Images

Goldman Sachs downgraded three U.S.-listed Chinese education stocks Monday on expectations new regulation will slash the after-school tutoring market by tens of billions of dollars.



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