Not really sure what the ultimate goal here is yet. But gold will be very important to China clearly.
Chinese Economics Thread
- Thread starter Norfolk
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Not really sure what the ultimate goal here is yet. But gold will be very important to China clearly.
In the midst of Trump instituting the $100k fee for new H1B applicant, it is funny to watch the India media suddenly getting interested in China's K Visa.
I think it's generally a good idea. You want to make it easy for young talent from surrounding countries to come. It never hurts to have more smart people. Will take affect in October 1st.
broadsword
Brigadier
I hope Indians don't feel welcomed to China. In fact, China should not welcome them. Keep them at the length of a barge pole.
maybe don't start off with comments like this that clearly sound racist.
Mods have done a really bad job with keeping racists out of this forum. I am an Indian, have been here for a year plus - there isn't any thread where out of nowhere random BS regarding Indians is brought up. The comment by Broadsword is quite moderate by comparison. I get that some of the threads aren't flagship and people are quite relaxed but that shouldn't leave space for hate, whether against Indians or other ethnicity.
Yeah agree. However, it’s not unique to this forum or China. There are racists in every country and you will find such people everywhere. It’s sad but that’s the world we live in. Such people will always be among us. So we just need to learn to manage them and deal with it.
Racism will always exists as long as mankind exists on earth. Sad but true. So deal with it.
Perhaps it's just one of the many services that great powers are expected to provide to smaller countries in their spheres of influence.
I suspect China will get almost no Indian immigrants. Reasons:
1. Very low English usage/skills in daily life situations. Even in non-Anglo European countries like Sweden or the Netherlands, you can get by using English in a surprisingly large amount of cases. Can most shopkeepers keep a decent English conversation in China? Which is definitely true in the wealthier Northern European countries. Southern Europe is a different story but the Indian diaspora is more modest there. For non-US Anglo countries, it's even more of a slam dunk, but they have been tightening the screws lately as well.
2. Non-existent Indian diaspora. Self-explanatory why this is a negative.
3. Wages. Outside a few niche companies like ByteDance and a few others, wages are simply much lower in nominal terms (important for remittances). Most Indian immigrants are regular middle-class people, not elite talent. So their wages will conform more closely to the national average or slightly above it. The K-visa is pretty lenient in its requirements, so it's more akin to H1B rather than the O-1 visa which is for truly exceptional people.
4. I suspect most Chinese people would not like to see significant non-East Asian immigration to China. How many immigrants are counted as "significant"? Perhaps even just tens of thousands concentrated in a few cities could be enough for locals to react, certainly to notice. I could be wrong about this, but I see no evidence that there is broad acceptance for more liberal immigration policies to China outside of closely related countries (e.g. ASEAN).
5. Let's remember that H1B visa holders also get dependents to join them. IIRC, there are more dependents to H1B visa holders than there are visa holders themselves. Would China be prepared to accede to that demand? Bringing in relatives is a big factor for these immigrants. Because many are looking to settle for good. China's path to citizenship is also quite hard, which would be another reason why many may not choose it. If these potential immigrants told the Chinese authorities they needed to liberalise path to citizenship, would that find purchase among the Chinese population? I have my doubts.
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I could be wrong about all of this and perhaps there is great openness to a H1B-style visa program in China, irrespective of national and cultural background. I am not Chinese and I don't live in China. But these are my impressions as an outsider.
1. Very low English usage/skills in daily life situations. Even in non-Anglo European countries like Sweden or the Netherlands, you can get by using English in a surprisingly large amount of cases. Can most shopkeepers keep a decent English conversation in China? Which is definitely true in the wealthier Northern European countries. Southern Europe is a different story but the Indian diaspora is more modest there. For non-US Anglo countries, it's even more of a slam dunk, but they have been tightening the screws lately as well.
2. Non-existent Indian diaspora. Self-explanatory why this is a negative.
3. Wages. Outside a few niche companies like ByteDance and a few others, wages are simply much lower in nominal terms (important for remittances). Most Indian immigrants are regular middle-class people, not elite talent. So their wages will conform more closely to the national average or slightly above it. The K-visa is pretty lenient in its requirements, so it's more akin to H1B rather than the O-1 visa which is for truly exceptional people.
4. I suspect most Chinese people would not like to see significant non-East Asian immigration to China. How many immigrants are counted as "significant"? Perhaps even just tens of thousands concentrated in a few cities could be enough for locals to react, certainly to notice. I could be wrong about this, but I see no evidence that there is broad acceptance for more liberal immigration policies to China outside of closely related countries (e.g. ASEAN).
5. Let's remember that H1B visa holders also get dependents to join them. IIRC, there are more dependents to H1B visa holders than there are visa holders themselves. Would China be prepared to accede to that demand? Bringing in relatives is a big factor for these immigrants. Because many are looking to settle for good. China's path to citizenship is also quite hard, which would be another reason why many may not choose it. If these potential immigrants told the Chinese authorities they needed to liberalise path to citizenship, would that find purchase among the Chinese population? I have my doubts.
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I could be wrong about all of this and perhaps there is great openness to a H1B-style visa program in China, irrespective of national and cultural background. I am not Chinese and I don't live in China. But these are my impressions as an outsider.
perfectly summarize. this applicable on all countries.
i have to add one more point, Chinese K-Visa is totally different from US H-1B visa. the reason behind this is, we don't need regular STEM graduates just like US. basically Chinese society itself has overflow of talent/engineers. only exceptional talent would pass the test/requirement.. so now you can guess itself, how many of these people can come to China coz of strict requirement in High tech fields.. talking about all foreign nationals.
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