Chinese gov't clamps down on tutoring sector

Beijing, China: In Beijing's exclusive Haidian District, Zhao said she plows $10,000 a year into extra classes for her eight-year-old, a leg up in the competitive scramble of modern China - and an advantage the state now wants to restrict.

As they scythe down oversized businesses, Chinese authorities say the vast tutoring sector has to turn nonprofit, effectively wiping out the business models of education companies that have spun billions from the anxieties of China's parents.