Chinese Economics Thread

enroger

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And I personally think the Chinese netizens overestimate the attraction of our motherland

This is on point. If we ignore the all the negative propaganda, language is also a huge barrier. So the person must be 1) willing to come to China 2) can deal with the language and 3) highly educated. I don't imagine there're a lot of people that fit those bills, there is not gonna be a flood like some people imagined.

In any case, CPC will run this like a science experiment just like everything else they do. They'll slowing turn on the spigot and observe the result, adjust the rate of influx as they go.
 

Nevermore

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People's Daily Commentary: Misinterpreting the K Visa Only Misleads the Public
Effective October 1, China will introduce a new K visa specifically for foreign young scientific and technological talents, drawing global attention. Against the backdrop of some countries turning inward and excluding international talent, China has keenly seized this important opportunity by promptly introducing policies that will undoubtedly have a profound impact on the nation's future development. Some individuals have misread and misunderstood the policy, voicing bizarre arguments that mislead the public and stir unnecessary anxiety.
Those who advocate “foreign worship” argue that China possesses ample domestic talent reserves, questioning why it should “look far afield” to recruit foreign talent. Such a perspective is overly narrow.
Some critics argue that the K visa program has insufficiently stringent requirements, claiming it will lure foreign young science and technology talents and take away jobs from local workers. This is an unnecessary concern.
K visas are issued to young foreign science and technology professionals specializing in STEM fields, requiring a bachelor's degree or higher from renowned domestic or international universities or research institutions. They are not the “low-skilled labor” portrayed in online hype. Such talent is in high demand and welcome in large numbers—how could they possibly impact employment?
Those who peddle the notion of an “immigration crisis” argue that with the cautionary tales of immigration issues in some countries still fresh in our minds, why insist on “jumping into the fire pit”? This is utter nonsense.
The K visa merely facilitates foreign youth with scientific and technological expertise to work and live in China—it cannot be equated with immigration. Moreover, the new visa category will be accompanied by corresponding management systems. The so-called “immigration crisis” will not materialize.
At the same time, Chinese culture is profound and extensive, capable of properly addressing relevant issues and resolving various contradictions. We should possess such cultural confidence.
Those who argue that the K visa poses “security risks” claim it may admit individuals with “potential risks,” potentially impacting national security and social governance. This reflects a lack of confidence.
China is widely recognized as one of the world's safest nations, underpinned by robust rule of law and technological advancements that demonstrate formidable governance capabilities. We cannot abandon progress due to minor setbacks, nor should we refrain from action entirely out of fear of potential risks. Faced with various risks and challenges along our path forward, we possess sufficient wisdom and capability to address them. We should have full confidence in this regard.
 
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texx1

Junior Member
What is the difference between R visa and K visa? It's not just that the K visa has reduced requirments, or they would just reduce the requirements for R visa and go with that, right? We have to remember that there are people like Bill Gates and Mark Zuckerberg who dropped out of college to do tech and won, so lowering the requirements only increases our selection pool but it does not mean that worse people can slip in without approval.

R visa is designed for foreigners who are highly talented or have urgently needed specialized skills, skills that are in short supply among Chinese workforce. When there is an actual shortage, Chinese public would welcome foreign talents. In other words, if the concern is truly about skills or talents, existing R visa already has it covered. There is a little need to create a new visa with much relaxed requirement.

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Since K Visa applicants don't need job offers or invitation letter from Chinese companies, I question their competitiveness in an already crowded domestic job market. For truly talented individuals or workers with in demand skills, Chinese firms would have headhunted, provided them with job offers/invitations or even promise funding before the whole visa process. Chinese employers would have comfortably managed the R visa process for talented foreigners.

So... you want them all to be born to further increase the youth unemployment or you want more to be terminated to drop the unemployment rate? When it comes to foreigners working in China, we discuss it (again, same point) at the bottom.

With youth unemployment so high, who knows where they'd be working, how many Alexandr Wangs and Jensen Huangs were terminated to prevent the excess from strengthening foreign talent pools or sucking away resources from Chinese education to feed them.

They can be concerned but they need to watch what happens. If the K visa is made to increase existing talent that is already an excess in China, then it is likely a mistake. If it was made to introduce lacking talent to catalyze China's tech landscape then it's a great thing. And let's not forget, at a time when America is becoming hostile to foreign tech talent, the added bonus is sucking away America's resources.

Who knows maybe some of those aborted children could turn out to be great innovators and helped to create new industries that managed to reduce Chinese domestic unemployment. As a result, China would not have record youth unemployment. We are both arguing hypotheticals really just coming from opposite directions.

For many Chinese, single child policy was privately justified as a sacrifice they endured for a better developed china, something they would enjoy/benefit. A kind of social contract between Chinese people and CCP.

Creating a less stringent visa without public consultation when R Visa already exists is seen as a betrayal. Many Chinese don't believe these potential immigrants have earned the same benefits given the preferential treatments foreign students have already received. They believe Chinese locals deserve to be better treated after making extraordinary personal sacrifices. That's why there is so much anger.
 

manqiangrexue

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R visa is designed for foreigners who are highly talented or have urgently needed specialized skills, skills that are in short supply among Chinese workforce. When there is an actual shortage, Chinese public would welcome foreign talents. In other words, if the concern is truly about skills or talents, existing R visa already has it covered. There is a little need to create a new visa with much relaxed requirement.

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Since K Visa applicants don't need job offers or invitation letter from Chinese companies, I question their competitiveness in an already crowded domestic job market. For truly talented individuals or workers with in demand skills, Chinese firms would have headhunted, provided them with job offers/invitations or even promise funding before the whole visa process. Chinese employers would have comfortably managed the R visa process for talented foreigners.
So it's basically another fully government controlled visa for talented young STEM personel to be vetted and accepted for short term work in China if they pass. I see absolutely no reason to freak out or even have a heavy reaction.
Who knows maybe some of those aborted children could turn out to be great innovators and helped to create new industries that manage to reduce Chinese domestic unemployment. As s result, Chia would not have record youth unemployment.
Or maybe someone who immigrates to the US and invents 7th gen fighter jets... or a murderer who would have killed one of our best scientists on our nuclear program or quantum computing project, eh?
We are both arguing hypotheticals really just coming from opposite directions.
Yeah I know, cus you started it with that Isaac Newton crap. It all just actually balances out with no "what ifs."
For many Chinese, single child policy was privately justified as a sacrifice they endured for a better developed china, something they would enjoy/benefit. A kind of social contract between Chinese people and CCP.
Good deal, that's how I understand it.
Creating a less stringent visa without public consultation when R Visa already exists is seen as a betrayal. Many Chinese don't believe these potential immigrants have earned the same benefits given the preferential treatments foreign students have already received. They believe Chinese locals deserve to be better treated after making extraordinary personal sacrifices. That's why there is so much anger.
What public consultation??? How is that expected to be done? The CCP always makes its own analysis, implements policies from its own data and adjusts as we go. There's no one in the public to consult. What did they expect? Polls? Public debate stages?

The Chinese government treats Chinese people well by eliminating poverty and creating an ultra modern hi-tech society from the slums of WWII for them to live in. How do they expect to be "treated better." What kind of preferential treatment are they expecting?

Their anger is at their own situation, misdirected at the government.
 
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Nevermore

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What public consultation??? How is that expected to be done? The CCP always makes its own analysis, implements policies from its own data and adjusts as we go. There's no one in the public to consult. Their anger is at their own situation, misdirected at the government.
China routinely issues draft proposals for public comment on major policy matters. In the past, new policies for certain industries have been scrapped after receiving significant opposition during the consultation phase.
 

Nevermore

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Oh thanks, I didn't realize that. So they skipped this phase this time? If that's the case, I wonder if they did it to expedite the visa as a way to quickly suck up disgruntled tech workers in the US.
Yes, this policy revision differs from past ones in that it skipped the consultation draft stage.
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Everyone can read this press release, which is today's official response.
 

Wrought

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If folks are done being stupid, the September PMI was released today. Manufacturing ticked up to 49.8 (still underwater), non-manufacturing ticked down to 50.0 (flat) and composite ticked up to 50.6 (positive). Overall basically a wash, but momentum is in the right direction at least.

9月份,制造业采购经理指数为49.8%,比上月上升0.4个百分点;非制造业商务活动指数为50.0%,比上月下降0.3个百分点;综合PMI产出指数为50.6%,比上月上升0.1个百分点,我国经济总体产出扩张略有加快。

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The RatingDog (formerly Caixin) index came in stronger at 51.2. Reminder that it surveys smaller companies compared to the state numbers.

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Hitomi

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China is definitely not blind to the impacts of a relaxed immigration as it has frequently adapted select policies for internal use from Singapore after multiple discussions, working groups and taking advice from LKY, and has definitely seen the impacts 25 years after Singapore did something similar and even accelerated recently with the adoption of CECA.

China has also been on the other end before as immigrants in other countries, although not as negatively felt as the Indians, they definitely know the usual anti-assimilation tactics of immigrant and the better pro-assimilation policies.

The policy makers are definitely not blind to the negative impacts of mass immigration in the OECD that has been repeated ad nauseum by the far right media.

I think everyone should just take a chill pill and once again wait and see. The ones who ultimately issue the visa and have the statistics know far more than a bunch of randos on a American paper folding forum, not to mention, China has far more ways to adjust things under the table than what is stated on paper.
 

tphuang

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No one likes the black girl.

That is what I read somewhere, either from pornographic article or from sociology academic, that in American pornography industry, the black female is the least in demand.

The black girl is not wanted to put it bluntly.

Why is that?

Got no idea.
what makes you think this kind of racist obnoxious crap is tolerated here?

You will get a vacation from me the next time I see a post of this quality.
 
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