How is the current education market in China?

The education market in China has witnessed tremendous growth in recent years. Already worth RMB 1.6 trillion in 2015, the size of the education market is estimated to nearly double to RMB 3 trillion by 2020, thanks to the rising middle class. Chinese culture continues to prioritize education over other areas such as real estate and retirement savings, which indicates a further expansion of the market in the coming years. Meanwhile, China’s one-child policy, despite recent relaxation in regulations, has resulted in Chinese parents spending a significant amount of their savings on education for their only child at home.