Chinese Economics Thread
- Thread starter Norfolk
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Jobs are super competitive within China. I don’t think they can absorb anywhere close to the amount of foreigners as the U.S.
FriedRiceNSpice
Major
Its not about race. The H1B fee as it stands is only 100k/6yr. If no US company is even willing to pay 100k/6yr to sponsor a particular applicant- what do you think that implies about the talent/potential of the applicant? Considering the STEM shortage in the US, 100k/6yr is an insignificant fraction of STEM salary (150k-1,000k).
How many Indians or other national come to China is not that important. The market will determine that. But quality of life is really high in China. So the idea that people from outside of China would not find China appealing, I don't accept that.
In fact, I'm talking to people right now who are making this transition.
As for Chinese being racist and not able to accept non-East Asians, I think you are under-estimating Chinese people. I saw many non-East Asians (not necessarily westerners) when I was in China recently.
Well, that's the thing. Nobody knows. It makes sense for China to do this now, because it has been attracting foreign talent already. As seen on this thread, it's not just Han people coming back to China. With America pulling research funding, Tsinghua for example has gotten very attractive.
It's kind of amazing for me to get this kind of response on this forum, because I'm talking to people right now involved in these programs.
Depends on how many companies they create
well that original comment was responding to an explicitly insulting comment to Indians.
Keep in mind that H1B program is open to more than just computer industry. Not everyone is able to pay 100k for H!B applicants.
It's important for China to establish this type of program now because China does have a TFR issue that will manifest. It's better to have a program for immigration ready before the crisis emerge rather than creating one after you realize you have a problem.
Chinese govt is run by some very competent people that plans years ahead.
I strongly disagree with the notion that China needs to address its future labor shortage by importing low-to-mid-level workers. Given China's enormous population base, it would require immigration equivalent to the total population of a medium-sized country to fill the gap—a scenario that is entirely unfeasible and would provoke severe social conflicts. For a nation deeply rooted in its indigenous culture and society, China can only address its labor challenges through technological advancement and boosting its domestic birth rate. In the foreseeable future, China will only open limited immigration channels for top-tier talent in select industries.
Is this the deflation I hear so much about?
(It's a joke, there's a discount applied)
Loads of Arabs/Africans in Yiwu. In the tens of thousands. It's a well-known international market city though.
(It's a joke, there's a discount applied)
Loads of Arabs/Africans in Yiwu. In the tens of thousands. It's a well-known international market city though.
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True. But even so im not sure if chinese people will be happy to see non east asians taking good or high roles in chinese tech companies over chinese people. Even when/if those non east Asians are highly qualified. Common people who have such mentality of raciality usually dont really care about high qualifications or not. Lol
So CCP should be careful with this skilled visa stuff. I think they should have been more realistic and limit it to East asian or South east Asia at most. That way it will be less chance to be controversial among chinese people.
FriedRiceNSpice
Major
Which STEM fields in which the US is competetive in would 100k/6yrs be too much to retain proven highly qualified top talent? Also keep in mind the high paying fields draw a substantially larger number of H1bs, and that lower paying fields suffer from having both a smaller pull for talent and are less likely to be competetive globally.
If an Indian engineer can objectively do a better job, he should absolutely get the job. I've met quite a few good Indian engineers at US tech companies. Problem is when subpar (ratio of good to poor is between 1:10 and 1:20) Indian workers crowd out other more competent candidates for jobs, and is exacerbated when the subpar engineers overrun the ranks of middle management. H1b engineers originating from India has destroyed the competitiveness and culture of many big US tech companies.
Agree. But you think other east asian countries like south Korea, japan, taiwan etc etc and even other developed countries globally havent tried that? Thats an ideal situation obviously, which of these countries doesnt want to increase their birth rates,? Lol but as China is already finding out, you cant force emancipated educated and working class free women to get married and give birth by force , in fact not even men, many dont even want to have children due to several reasons with job and society pressure, cost of living, burden of raising children etc etc. I'm sorry i'm not optimistic the situation will change in China as the country keeps developing and urbanising even more, its a natural progression, only Israel has defied the odds so far as a developed country with high/
above replacement rate birth rate.
So there will come a time where there's no choice than to be abit more open on immigration.
Even Japan who is historically an even more stricter/closed/conservative country than China already came to terms with this and had to reluctantly start making working and settling visa schemes for foriegners/immigrants. South Korea has followed suite. They will only open it even more with time as their population keeps declining. Else they will end up with severe labour and skill shortages which something they dont want.
So is life, we cant always get everything we want in life. Have to sometimes make hard decisions . So i think CCP made a right decision, better to start now than later.
Of course we agree on that. However, im talking about when it comes to the common man, and those who hold raciality to heart. These people dont care about skills or qualifications dude. Its more about race first and foremost for them, so Skills and qualification comes second in this case. This is the ones im talking about, and you find them in every country on earth, some might ecen be on this forum as well. Lol So a leader should also consider all these factors when making decisions, not just looking at the bright sensible side of things but alao taking into consideration the less ratuonal sides of their citizens/people. Just something i think is worth taking into consideration.. The scheme itself is a good scheme for the country.