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China's preschool education market reached 214.3 billion yuan in 2017, growing 9.11 percent year-on-year, said a report from qianzhan.com, an industry information provider. The market is expected to surpass 540 billion yuan by 2020, boosted by the second-child policy and the new-generation parents' emphasis on education. At the same time, the K12 (kindergarten through 12th grade) education market has also been flourishing in the nation. During the first six months of 2018, investments in China's K12 education market totaled 3.2 billion yuan. It is estimated that the online K12 education market will reach 88.4 billion yuan by 2020.
China, projected by the industry as the world's second largest market of clear aligner market, is valued substantially by the company.
China's research icebreaker Xuelong, or Snow Dragon, sails across westerlies on Nov 21, 2018. [Photo/Xinhua]
China's shift to "dual circulation", as President Xi has pointed out, does not mean the country will close its door to the outside world. Instead, a more mature and brisk domestic market will do nothing but contribute to the world economy.
China's surveyed unemployment rate in urban areas stood at 4.9 percent in December, 0.1 percentage point lower than that in December of the previous year.
