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China education stocks plunge as analysts slash forecasts

Companies pledge to 'follow spirit' of rules that wreck their business models

The new rules on tutoring companies come as Beijing scrambles to come up with measures to reduce the burden of childrearing after new census data showed a steep drop in births.   © AP

SHANGHAI -- Shares of Chinese private education companies plunged further on Monday, as investors digested curbs on their operations announced by Beijing over the weekend.

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