Europe: Regulate then not innovate
US: Innovate then not regulate4
2 Goldman Sachs, China’s after-school tutoring industry amid the new regulatory framework, 26 July 2021
3 Goldman Sachs, Future of learning: Transforming China’s after-school tutoring in the digital era, 3 Feb 2020
4Lillian Li – Chinese Characteristics ‚Let the bullets fly for a while‘ blog, https://lillianli.substack.com/p/let-the-bullets-flyfor-a-while, 15 July 2021
5 Morgan Stanley, China’s Regulatory Reset, p9, 1 August 2021
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