Last year, due to the double-drop policy that killed the valuation and the epidemic that disrupted the performance, the education sector suffered a bloodbath and the valuation was still at a low level.
However, the long-term development of the education industry is improving. If China's economic development in the past few decades mainly depends on the demographic dividend, then 202 1 started a new stage-economic transformation and industrial upgrading became the main theme. The mission of the times is inseparable from the support of talents. In this context, in the past three years, the state has issued nearly 20 documents to encourage the development of vocational education, and the reform of vocational education is in full swing.
Although investment is an industry that always faces the future, there is still a lack of catalysts in this field.
The education department is here.
A few days ago, we can see that the policies related to vocational education are favorable frequently.
On April 29th, the Political Bureau of the Central Committee held a meeting to analyze and study the current economic situation and work, and to consider the national talent development plan during the Tenth Five-Year Plan period.
The meeting pointed out that the preparation of the national talent development plan during the Tenth Five-Year Plan is an important task deployed by the CPC Central Committee, a concrete measure to implement the spirit of the Central Talent Work Conference, and an important special plan of the National Tenth Five-Year Plan.
On May 1 day, the new vocational education law came into effect. The new "Vocational Education Law" emphasizes that vocational education is an education type with the same important position as general education, and mentions that the state gives financial, fiscal and land support and tax incentives to enterprises deeply involved in the integration of production and education and school-enterprise cooperation.
The policy logic is very clear, and encouragement is the mainstay, which means that the development of the sector is welcoming the opportunities of the times. According to Jost Sullivan's data, the market size of non-academic vocational education and training industry in China has increased from120.5 billion yuan in 20 16 years to 202.6 billion yuan in 2020, with a compound annual growth rate of 13.9%, and it is expected to reach 344.5 billion yuan in 2026, with a compound annual growth rate of 9.3%.