This week we discuss the directorate that has upended China's private education sector. For decades, private tutoring sector had been a hotbed for investment, since the pandemic began it has become one of the fastest growing sectors in China.

The new directorate dumps all of investment heat into a big bucket of ice cold water. It's not game-changing, it's game-ending. This is woeful news for investors, but likely welcome news for parents and kids across China.

We also touch on the latest from China's digital yuan and answer some listener questions about Huawei and China's cloud.

Links:

• New directorate upturns private education sector
• e-CNY hits 5.3B in transaction volume
• e-CNY whitepaper (Chinese)
• Alibaba / Tencent face the e-CNY