As Chinese families grow more affluent, they are stepping up spending beyond education.
Morgan Stanley analysts predict in a report this summer that the online tutoring market for kindergarten to 12th grade will grow 23 times in the next 12 years, to $160 billion.
However, falling marriage and birth rates in China, along with a decades-long one-child policy, are creating a population that is aging at a far more rapid pace than the U.S.
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