International language training company Wall Street English will announce the bankruptcy of its Chinese business next week, according to state-owned Global Times, citing a report by Yicai.com.
The announcement comes just weeks after China clamped down on its private tutoring sector and although most of the measures were targeted at school-years education companies, adult and vocational education firms have been hit too as investors withdraw. Full story: Global Times.
This story was updated to add links and for style purposes.
