This paper examines the "Double Reduction" policy issued by the Chinese government in 2021 by using a Critical Discourse Problematization Framework (CDPF) that combines Critical Discourse Analysis (CDA) and what's the problem represented to be (WPR) approach. The study points out that the changing discourse of equality and equity in China is crucial for understanding the assumptions and presuppositions that lie behind and shape the "Double Reduction" policy. The analysis of the policy text conveys that the government views the privatization of education in China as being responsible for the lowered quality of public education, the competitive learning environment, and financial and mental pressure on families and parents. However, this study reveals the silent part of the "Double Reduction" policy through the WPR approach, which demonstrates that privatization of education is not the root cause of educational inequality/injustice in China. The work of this critical policy analysis aims to better understand the dilemma of education in China and provide insights to the policymakers, educators, and related stakeholders from the perspective of changing policy discourse.