Read the following passage and mark the letter A, B, C, or D on your answer sheet to indicate the best answer to each of the following quest...

Read the following passage and mark the letter A, B, C, or D on your answer sheet to indicate the best answer to each of the following questions from 1 to 10.

China is quietly easing regulations on private education companies as the government aims to support a slowing economy. (I) Government officials have not announced a policy change. (II) Industry experts say the new efforts aim to support job creation. (III) Reuters News Agency recently spoke with people in the industry, parents in China, and others. (IV) Here is what Reuters reported: Starting in 2021, the government prohibited for-profit tutoring in main school subjects such as Math and English.

The reported aim was to reduce financial pressure on families. It was also meant to create equal educational chances for both rich and poor families and to eliminate poor-quality tutoring services. The policy was known as the “double reduction”. The crackdown cost the industry billions of dollars. It affected companies like New Oriental Education & Technology Group and TAL Education Group. It also led to tens of thousands of job losses.

Before the policy change, China’s for-profit tutoring industry was valued at about $100 billion. The three biggest companies employed over 170,000 people. During the crackdown, the industry did not disappear as parents continued to seek tutoring services for their children. Many Chinese parents consider after-school tutoring services as a way for their children to gain an advantage in China’s competitive education system. Michelle Lee is a parent based in southern China. Lee spends about $420 a month on after-school classes for her son and daughter. These classes include mathematics tutoring and online lessons in English. She told Reuters that in recent months tutoring schools had been operating more openly. After the government crackdown in 2021, the number of tutoring centers and the number of teachers employed by them fell. The industry is now coming back as policies ease.

The research company Plenum China said that active licenses for for-profit tutoring centers rose 11.4 percent between January and June. Liu Xiya is a delegate to China’s legislature and president of an education group based in the southwestern city of Chongqing. Liu told local media at a press conference in March that the government was dealing with problems in education policy. Lynn Song is an economist at ING. He said China was unlikely to admit that the crackdown "was a little too forceful" but that regulations would be loosened. He said, "The overall policy environment has changed from restrictive to supportive as the main goal now is stabilization."

Question 1. Which of the following best summarizes paragraph 3?

A. The 2021 crackdown in China caused the tutoring industry to close entirely, with no demand from parents although it was valued at nearly $100 billion.

B. China's tutoring industry, though reduced by the 2021 crackdown, is now rebounding as demand remains high and policies ease.

C. China's tutoring industry, valued at about $100 billion, decreased due to a drop in parental interest, but policies now encourage its return.

D. In spite of the crackdown, China’s tutoring industry has been wholly unaffected by government policies and remains at $100 billion.