News Snapshot:
(Bloomberg) -- China moved to restrict the role of private schools in the early years of education, part of a broader effort by President Xi Jinping to strengthen the role of the state and the Communist Party in society. Individuals and private organizations will be barred from takeovers -- via mergers, acquisitions or deals -- of schools providing compulsory education, which covers the first nine years of schooling, according to revised rules from the State Council published on Friday evening. The regulations, which take effect on Sept. 1, also bar foreign-owned entities from controlling private schools offering education through year...
