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Goldman Sachs downgrades Chinese education stocks on prediction market will 'shrink significantly'

Xinhua bookstore staff sort out the new semester textbooks. Handan city, Hebei Province, China, 24 August 2020.
Costfoto | Barcroft Media | Getty Images

Goldman Sachs downgraded three U.S.-listed Chinese education stocks Monday on expectations new regulation will slash the after-school tutoring market by tens of billions of dollars.

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