i know, but i dont think US tech have the capacity to handle millions foreign tech worker. just recently there are layoff in the meta field. also alot these graduate will get valuable experience working in place such as intel/amd/applied materials etc, those XP and knowledge can't been acquired easily in grad school.
Chinese Economics Thread
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but that has nothing to do with your original assertion that a large fraction of graduates from Chinese universities goes to work for the US. Less than 1% are even capable of doing so. Maybe a sizable portion of India, but not China. And the biggest users of H1B is not semiconductor, materials, aerospace, etc, but software.
i didn't say majority of grad went to US for work, i said there are alot foreigner worker in US. software is probably require the most amount of workers compare to other fields. but US company certainly have alot options when choosing foreign tech worker. Consider majority of US grad school are filled with indian, chinese etc. Many of them will submit resume , attend job fair etc
looking at university etc, when was the last time there are more white american professor than someone from india/china or other countries in STEM.
That is a totally different concept, but note that 40k Chinese H1B holders is a combination of people hired directly from China and those who go to US, educated at US expense, and then work in US.
Btw your original statement:
Alot is relative. 40k is a lot in isolation, it is nothing compared to 4000k total graduates. And not all of these are STEM, this is total H1B so includes accountants, propaganda workers, etc.
it seem even slight different opinion than yours, you get so work up. got a mental maturity of teensanyway no point to reply more cause i know u just gonna bring out all the curse language every time someone had different opinions than you
You are just lying, that is why.
It is like saying a country relying mercenaries is a source of strength.
Sure thing:
For China: , "
In the first three quarters, China's GDP grew by 3 percent year-on-year to 87.03 trillion yuan ($12 trillion), up from 2.5 percent rise in the first half, the bureau said."
For the United States: Annualized United States Real GDP in 2021 were 19,216.22; 19,544.25 and 19,678.59 for 1Q, 2Q and 3Q respectively. For 2022, they were 19,924.01; 19,895.27; and 20.021.70. The US 1Q-3Q21 average if GDP was 19,479.69 and for 1Q-3Q22, it was 19,946.99 or a 2.4% increase. ()
3/2.4 = 1.25.
You can wait, it's going to show China significantly decelerated vis-a-vis the United States
It's unambigiously true that China's convergence vis-a-vis the United States has slowed substantially in the first 3 quarters of 2021 and since China still has zero COVID, well, lol, 2022 counts as part of COVID as well.
1.25x followed. Even if you assume the most bullish growth forecasts for China (i.e.; China grows 4% in 2022) and the most bearish growth forecasts foor the United States (i.e., the US grows at 1.9% in 2022), the US economy would be 4% larger than it was in 2020; China's would be 14.9% larger or about 2x. So indeed, zero COVID has truly cut the rate for which CHina's economic convergence happened from a pre-COVID of 3.88x to a during-COVID of 3.66x (yes, 2022 counts as a during-COVID since China still has fanatical zero-COVID)
Um, yes? But in any case, PPP and NOminal GDP growth basically track each other since GDP growth units are always reported in local currency units
If the US grew at 2.4% continuously and China grew at 3% continously, China would only surpass the US in 45 years (but it would probably never happen since China's GDP growth would fall substantially due to the demographic crisis)
PPP terms try to correct for cost of living differences but trying to correct for the mechanism by which economic development happens is indeed LOLCOW ()
Here's another word: vernacular which you can look up (). Metastasize is used in the vernacular to describe an issue getting bigger and getting worse - the Merriam-Webster has a few examples of that
.It's irreparable: birth rates have already crashed, labor force participation is already lower and business investment activity is forever lower as well - whether it recovers to some semblance to normal or whether it doesn't is of course, up to China to see if it wants to correct its own fanatical zero COVID mistakes can get to maybe 4-5% growth, maybe not.
Stopping trade has political consequences. We saw that when China sanctioned Lithuania.
Why are the lockdowns only affecting the non essential parts of the Chinese economy. Why don't we hear about military projects being slowed down?
If China wanted economic growth it could just end the zero covid mandate, we seem to agree on that.
Yes, China needs to move away from export lead growth and switch over to consumer based growth. This can't happen overnight and will take a reorientation of the economy.
As for fewer resources, Chinese manufacturing output is far more than the domestic market can handle.
Slightly offtopic. How do you feel about America bribing and coercing semiconductor manufacturers to relocate to America?
You late mate! He is being exterminatus. Amen for Sleepy Amendment.
manqiangrexue
Brigadier
See, when you show your work, I can show you why you're wrong! I mean... you can't read it from this account anymore but when you get a new account, you can see now why you're wrong. Year to date growth means how much you've grown since Q4 of last year. You don't average 3 quarters and compare them to the average of 3 of last year's quarters because there's no such thing as an average of 3 continuous quarters; the sole concept doesn't make sense. The GDP number is continuous; they don't add onto each other because every quarter is what the last quarter became. So!
According to your chart, the US gdp was 20,006.2 in Q4 2021 and now it is 20,021.7 in Q3 2022 and you divide the latter by the former and you get a 200217/200062=1.00077. That's 0.077% growth year-to-date for the US. This is why if you search for year-to-date growth, all US economists say it took Q3's 2.6% to bring that number barely positive. Year-to-date growth shows how the economy is doing this year, which is what we are trying to compare.
For China:
"On a yearly basis, the economy also grew by 3.9% in the third quarter, picking up from a 0.4% expansion in the prior period and bringing the year-to-date growth to 3%."
In other words, since Q4 2021, China grew 3% while the US grew 0.077%. What's 3/0.077? It's ugly; you know it's ugly, right? It's almost 40 times.
Live in the now, and I just showed you what it looks like now with year-to-date growth. Whatever Q4 turns into, China's still converging in nominal terms, leaving the US behind. Next year, US 3rd recession LOL
Proven wrong above
Tell that to the US LOL Still people dying, politicians saying it's post-COVID.
Gonna ignore cus the underlying 1.25 was proven wrong but at a glance, 14.9% is actually more than 3X, closer to 4X the value of 4%... and also, 3.88X (corrected to over 5%) is during COVID, 2.48 was pre-COVID and now it's... almost 40X year-to-date. Don't get your numbers "conveniently" mixed up. Fanatical Zero COVID destroyed dumbass "It's gonna disappear like a miracle."
Not when the US is jacking up its currency value by over 10% to try to stop inflation.
That's called PPP. They're reported in USD converted value for nominal. That's the difference.
LOL If. That's in your imagination. The US has basically no growth this year to now and is slated for another recession after the recession this year. If LOL
ok so far...
aaand you're gone. The mechanism by which economic development happens needs to correction; this sentence makes no sense already. PPP is what the nation actually produced.
The US trying to decouple trade despite trade being the only reason nominal GDP exists falsly propping up the US economy is LOLCOW (dumbass disease).
Your link opens up to define it as a cancer mechanism. Your sentence referred to a slowdown as a metastasis when even used loosly, it would mean the opposite. Smiley faces don't reverse the meanings of words, unfortunately for you.
Then why does convergence depend on China's use of Zero COVID?
They were decreasing with modernization; has nothing to do with COVID.
Unfortunately for you, forever doesn't mean for the short time up to now or an undefined period of time according to your hopium. As long as the US suffers worse, and it is, we're more than on track.
"Come on, China, get rid of Zero COVID! It'll be so good afterwards LOL It's irreparable but not irreparable; just come on and be like us." LOLOL Sad desperate West
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