The number of chinese travelling abroad for studying in 2018 had more than triple in a decade. Why is it so? chinese universities arent good enough for them?
News on China's scientific and technological development.
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The number of chinese travelling abroad for studying in 2018 had more than triple in a decade. Why is it so? chinese universities arent good enough for them?
Not enough spots, also Chinese think Western universities are better and it might be good to get some exposure in the West.
manqiangrexue
Brigadier
Additionally, a lot of the kids who can't cut it and are getting killed by the competition are getting sent abroad if their parents can afford it. The work load is much easier, the competition lighter and they shift to a non-STEM major so they don't even need a brain to graduate. Arts and design colleges like SCAD in Georgia are full of stupid Chinese kids who would get chewed up and spit out with all their friends laughing if they attempted a STEM major in China. So they get sent here for their families to somewhat preserve their honor.
China needs to rethink education now that all the knowledge is available on the internet.
College should be purely vocational, only labs/skill development.
manqiangrexue
Brigadier
That's called a 2-year trade school.
Speak to someone who did not attend college and then again to someone with a bachelors and you will see that there is a notable difference in their overall knowledge. Knowledge might be on the internet but people won't search for it and systemically learn it. Basic overall knowledge is important; you might study computer science but you will still appear ignorant if you don't know what DNA is. And also high schoolers are rarely wise enough to determine the career path they will take for the rest of their lives.
manqiangrexue
Brigadier
LOL Then move them all the high school courses to middle school, then teach Calculus BC in elementary school, right? AP classes are optional and for the smartest of high school kids; you can't make them mandatory, that's like making everyone graduate college at 14 because some crazy kids have done it before. You'll get a very high drop out, depression, and suicide rate. Kids are already crammed to near breaking point in China. You need to be reasonable in your ambitions.
Ray Dalio's letter to Bloomberg editor about its article on Ant IPO and the supposed Ray Dalio nightmare.
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Letter to the Editor
November 5, 2020, 2:56 PM EST
To the Editor:
Re: Shuli Ren’s column “The Day Jack Ma Became Ray Dalio’s Nightmare” (Nov. 4):
Ren’s article conjectured what I am thinking about Jack Ma’s having to pull the Ant Group Co. initial public offering and it was wrong, so I thought I would explain to you and your readers what I think about it. Ant is doing revolutionary new things that can have a big impact on money, as well as credit risks and opportunities in China, so regulators are trying to figure out how to best regulate it, and they are going to do that carefully. As I understand it, events were progressing faster than regulators were comfortable with, which led to their actions. In my own experiences with Chinese regulators, I have found them to be very reasonable, very busy with many things, and very inclined to err on the side of caution in learning about and regulating new investment vehicles. All regulators in all countries face risks of being too restrictive and risks of not being restrictive enough. For example, our regulators were not restrictive enough in allowing the excesses that led to the 2008 global financial crisis. So I assure you that Chinese regulators’ move to curtail Ma’s IPO was not my worst nightmare, and I certainly do not believe that it will have any notable effect on the evolution of China and its markets.
Ray Dalio
Founder and co-chief investment officer, Bridgewater Associates LP
Nov. 5, 2020