Blackstone
Brigadier
That's just not so, I welcome good economic news from China, especially about expansion of their middle class and successful reforms in their economy.
Chinese Economics Thread
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Equation
Lieutenant General
Blackstone
Brigadier
Why is there some doubts about China's recent growth announcements? Just wait and observe China's economic progress. I know that the Chinese have very good business minds like the Jews (many in America & in UK, EU, & also the Israelis), They all know what to do to go forward for themselves and the countries they live in - hey! its all business man, & they don't normally propagate "fake news".
Zool
Junior Member
Which specific reform(s) are you referring to as stalled?
My take from this and other articles is Chinese local investment (a portion of it stimulus based - we'll see what happens when that runs out) remains strong, Chinese Wages are growing and Chinese Consumer Spending continues to grow (part of the economic transition). Exports are also fairly strong and have not taken a dive as some expected, which is bonus for China. So far so good with US-China Trade Relations.
And while they continue to manage the housing and banking sectors, these are areas, especially housing, where Western Media has been predicting the epicenter of the doom of China's economy for a decade+ now. Still waiting.
And China increasing interest rates is clearly, as the article says, a good sign in tackling bank lending and fiscal security. I have no doubt the Chinese Government is aware of debt risk, having lived next door to Japan.
Zool
Junior Member
Just anecdotally, India changed its method of accruing GDP last year that added approx. 1 full percent to its annual GDP growth projections. I won't go into detail since it becomes OT and there are tons of articles about the legitimacy of it via Google. But these things happen. So long as they follow an international standard, can be verified and are backed up by other economic indicators like PPP and import consumption etc, that's fine.
China's 'Best And Brightest' Leaving U.S. Universities And Returning Home
Chinese college students studying in the U.S. are finding it just as interesting these days to return home to the world's No. 2 economy rather than staying a few years in the world's No. 1.
Some 82.23% of students who studied abroad returned to China last year, up from 72.38% in 2012, according to government figures.
China's 21st Century Education Research Institute said foreign countries’ job markets could not accommodate the surge in Chinese students. It wasn't just Chinese studying in their preferred country -- the United States -- but also included students that were studying in New Zealand and Australia as well. National Institute of Education Sciences researcher Chu Chaohui said returning students had more resources and better networks in China to find a job, while Chinese students in the U.S. were dependent on 20,000 H1-B visas for tens of thousands of students, not only from China, and the majority of them working in computer sciences.
Most wealthy Chinese that buy real estate in the U.S. are buying properties for their children to live in during their college years. In fact, college is the number one driver of Chinese real estate sales here. But as this market gets more saturated, and as China's economy becomes more entrepreneurial, students are finding the market to be just as welcoming to them there. Having a U.S. diploma helps.
China students are leading recipients of H1-B student visas, but still pale in comparison to Indian students who tend to be swept up by the big Indian outsourcers like Infosys upon graduation. Under the visa, foreign students are allowed to stay in the country for three years. The visa is renewable for another three.
President Donald Trump has said that he wants the U.S. immigration policy to focus on the "best and the brightest". To some degree, that is the H1-B visa program which is also designed to keep foreign college students in the U.S. economy, primarily in the high-tech fields.
China accounts for less than 12% of all H1-B visas, according to the United States Citizenship and Immigration Service.
Most of the move home is due to the difficulty of finding work abroad, and a better market for private sector jobs in China, according to a number of students.
Top 10 U.S. Colleges Admitting Chinese Students
1. University of Illinois Urbana-Champaign
2. University of Southern California
3. Purdue
4. Northeastern
5. Columbia
6. Michigan State
7. Ohio State
8. University of California at Los Angeles
9. Indiana University
10. University of California at Berkeley
Source: using U.S. Department of Homeland Security data. Enrollment figures are based on the F-1 student visa.
Equation
Lieutenant General
I'm surprised that the University of Texas in Austin or University of Houston is not on the list of top 10?
vesicles
Colonel
I'm surprised that the University of Texas in Austin or University of Houston is not on the list of top 10?
Universities in Texas admit far less foreign students than other states, like CA and NY.
One driving factor is that they get plenty funding from the state and don't need the extra income from out-of-state tuitions typically paid by foreign students. Many universities in states with financial issues like CA depend heavily on those out-of-state tuitions. Since more and more Chinese can afford and are willing to pay such high tuitions (up to $50,000-60,000 annually), they become major targets for international admission.
Some states even stopped giving funding to their universities. I've heard Colorado is one of them, but not sure how authentic the info is though...