【猫闻天下】在风口起飞的猪，摔死了吗？

全文及翻译

Guideline, sell-off give edtech jitters

“双减”政策落地，股价跌入谷底，教培机构陷入焦虑

03:13①Chinese private education companies, especially the listed ones, are quickly evolving future moves in response to Saturday's guideline that all institutions offering private tuitions to school students will henceforth be registered as nonprofit organizations, which caused a massive sell-off in related stocks on bourses in China and the United States.

为响应周六（7月24日）出台的指导方针，中国民办教育企业，尤其是上市公司，正在迅速调整其未来的发展方向。方针指出，所有向学生提供私人补习的培训机构将统一登记为非盈利性机构。该举措导致中美两国交易所大规模抛售相关股票。

08:22②On Saturday, the general offices of the Communist Party of China Central Committee and the State Council, China's Cabinet, issued a guideline proposing wide-ranging reforms in the sector.

周六（7月24日），中共中央办公厅、国务院办公厅（相当于中国内阁）印发了一份指导意见，提出要在教育领域进行广泛改革。

09:30③Edtech companies will no longer be allowed to raise capital through IPOs. Listed companies and overseas investors are barred from investing, or acquiring stakes, in education firms that teach school curricula.

教育科技公司一律不得上市融资。上市公司及外资不得投资或参股学科类培训机构。

10:40④Foreign firms are also banned from acquiring or holding shares in institutions engaged in tuitions related to school curricula using variable interest entities or VIEs.

外资不得利用可变利益实体（VIE）参股或持股学科类培训机构。

12:41⑤The guideline also noted that the main aim of the reform is to significantly reduce the excessive burden of homework and after-school tutoring on primary and middle school students.

意见还指出，改革的主要目的是大幅减轻义务教育阶段学生的课业负担和校外培训负担。

15:30⑥This has been attributed to the pressures created by excessively tough and progressively expensive extracurricular learning programs, which, observers said, have also created unhealthy competition among both market entities and consumers.

观察人士表示，此次政策出台是由于校外培训过分严苛且日益昂贵，带来了许多压力，同时造成了市场主体和消费者之间的不良竞争。

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重点单词 

1. guideline n.指导方针

economic guideline经济发展方案

2. sell-off n.（股价）跳水；商品大甩卖

3. jitter n.紧张不安；轻微晃动

I always get the jitters the morning before an exam.

考试当天早上我总是非常紧张。

4. list v.把…列入名单 n.名单

listed company上市公司

5. institution n.机构，团体

financial institution金融机构

6. tuition n.小班教学，辅导

7. henceforth adv.从此以后

=from now on

8. register v.注册

9. bourse n.证券交易所

10. capital n.资金，资本

We put $20,000 capital into the business, but we're unlikely to see any return for a few years.

我们在生意上投入了两万美元，但未来几年可能看不到任何回报。

11. bar v.阻挡；禁止n.栅栏

sb. is barred from doing sth.禁止某人做某事

12. stake n.股份

hold stakes of a company持有某公司股份

13. curricula n.课程

curricular adj.课程的

extracurricular adj.课外的

14. note v.谈及，论及

The predicator noted that this summer was one of the hottest on record.

天气预报员说今夏是有记录以来最炎热的夏天之一。

15. excessive adj.过度的，过分的

excessive burden过重的负担

16. progressively adv.日益增加地

17. entity n.实体，独立个体

market entities公司

重点短语

1.in response to sth.对…做出反应

2.nonprofit organization非营利组织

3.A is attributed to B 把A归因于B（表因果）

原文链接

https://enapp.chinadaily.com.cn/a/202107/27/AP60ff4bf6a310f03332fa5b57.html