With the purported goal of reducing students’ stress, China’s new “double reduction” policy seeks to ease homework and after-school tutoring burdens. In reality, the policy has been more successful in crippling the nation’s private tutoring sector, while daily life for students has not substantially changed. Under harsh regulations, private tutoring businesses are pivoting rapidly to find new avenues for profit.

As societal and socioeconomic pressures transform traditional Chinese values, China’s single population is growing. With its boom, a new “singles economy” has been born. While the demographic has traditionally lifted industries like dating apps and health and wellness, businesses across all markets would be wise to keep this affluent segment in mind.

The new space race has begun, this time with American and Chinese commercial space companies competing to become the global aerospace industry leader. While these aerospace companies may be looking at the stars, they do not necessarily have their heads in the clouds, as new innovations are benefitting day-to-day life on Earth and increasing public enthusiasm for aerospace technology. While this is a strategic competition for both sides, the rise of privately-owned space companies will ultimately benefit everyone.