Nowhere is the Chinese propensity to base business on relationships more obvious than in the family-run firms that make up the bulk of the private sector.
Although the focus of newspaper headlines was on measures for able children, there was also something for those who worry about standards for the bulk of ordinary students, who might suffer if they are in weak schools or badly run areas.
"The stock had a run into the panel, and there was clearly some anticipation that it would vote favorably--the bulk of the notes out there had a positive bias, " Bonello says.