Yep. Public spending on elementary and secondary education in the US is ~$771bn which is ~3.6% of US GDP; in China, total elementary and secondary education spending was $3.7 trillion yuan (~$570bn) or ~3.8% of China's GDP.
Priorities... School funding in the United States is largely a state government function. "Per pupil spending increased in fiscal year 2020 for the ninth year in a row, up to $13,494 in FY 2020 from $13,187 in FY 2019, a 2.3% increase from the previous year." "Elementary and secondary...
www.sinodefenceforum.com
Oh damn! I thought the US wasn't trying. They're actually spending more money on a quarter the number of students, and still producing bad results compared to China? What happened? Are the Chinese just too smart or something?
China rank: 1
USA rank: 25
"The young ones don't want to work" has been a complaint from businesses since the beginning of time. In any case, it's not particularly believable. Unemployment excludes those that are not looking for work (i.e., sick, in school, etc). There are 121 million people born in China between 1998 (aged 22) and 2004 (aged 18); the unemployment rate is 18% which means 22 million of them can't find jobs. The article says that there are 30 million unfilled openings so unless 2/3rds of the youth cohort prefers to have no job over a job - preferences can't explain it very well
Yeah it doesn't matter if you don't find it believable because you don't want it to be true. The article documents it and it's fairly obvious logic that if you've earned a masters in mechanical engineering, you don't want to wash dishes.
On top of that, post COVID, the economy has turned much towards a side-hustle economy where less young people want to work for someone else but rather found thier little niche ways to make money. I'm not saying I prefer that to proper employment, especially in STEM areas, but it's not that number of people sitting home fiddling with their fingers while starving. These side-gigs often evolve into formal businesses as well. Overall GDP growth with inflation taken into account is much more indicative of and economy's health rather than official employment numbers.
COVID is a mild flu. Millions of cases of flu spread out over many months have no will impact on middle-aged production workers (you can see this as US industrial production soared during the delta/omicron waves)
It won't be on track from 2023 onward because zero COVID is still being the policy that is implemented and the longer zero COVID is implemented, the more irreparable harm you create from people that leave the labor market, declining birth rates and business bankruptcies.
Not enough jobs for the growing working-age population
You're hilarious. Westerners with millions of COVID deaths and economies in recession telling China, "Open up! It's just a flu! You're losing money, the most precious thing in the world! We're in a recession but YOU'RE losing money with your stupid life-saving crap! It's causing
irreparable money loss; money gone is gone forever but people dying is temporary!"
LOL The only irreparable thing I've seen here is the level of conflict and hatred in the US after Donald Trump got elected. Everything economy recovers quickly.
So around ~52,000 deaths each year; the population of Germany is 83 million so the probability of dying from the COVID-19 is 0.06%; which would be mainly very old people with substantial comorbidities.
Vaccines cause COVID to fade into the background; if you see US mortality data, you would notice that US all-cause mortality is back to normal after vaccinations; therefore even if COVID is the cause of death, it is simply replacing what would be another cause of death that would happen anyway. China's already mass vaccinated, all COVID restrictions can be safely droppe
Yeah, no. We'll just take a look at ongoing deaths in the West, and we'll decide based on that. You don't need to worry about China; we'll do that. The West can manage its COVID policies and China will manage ours, taking cues from what's happening there. The West can be our guinea pig for when to open up.
"Fauci, in a radio interview Thursday, said the pandemic has clearly eased since last winter, but deaths, which average more than 2,600 per week, remain far too high. At the same time, the new omicron variants are knocking out key tools used to protect the most vulnerable."
Just one in twenty people at any given moment are under random lockdowns at substantial fiscal cost (which could be much better suited to address actual public health problems like maternal & infant mortality, hepatitis, stroke, tuberculosis or tobacco usage). No big deal. Today it is Shanghai, tomorrow it is Guangzhou, the next day it is Shijizhuang, or Kashgar or Guiyang or whatever the random city generator says it is. No one can do business, travel or consume with any level of confidence if those are the policies that are put in place
No one except all these people increasing investment in China.
"In the period from January to August 2022, actual use of foreign capital reached RMB 892.7 billion, an increase of 16.4 percent from the same period the previous year. In dollar terms, that is US$138.4 billion, an increase of 20.2 percent from the same period in 2021. "
