Skywatcher
Captain
Honestly, the more I read about Ant, I'm really surprised that they were ever allowed to get this close to an IPO.
News on China's scientific and technological development.
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@Orthan Chinese education system is still unable to accommodate every student wishing to study their desired and qualified for programs. Particularly for higher ranked schools. The competition is several times higher than the western world where even idiots can get into universities no problem. Graduating from a STEM degree is harder and certainly the hardest degrees (incl health sciences and medicine in here obviously) but the standards in western universities are dropping fast.
Getting into good Chinese unis is exceptionally hard and requires some next level hoop jumping that doesn't even test a student's capability. Getting into great western universities is absolute piece of cake for the same student. In fact getting into good western universities is almost like a birthright these days. I remember being surrounded by absolute morons who did almost no work throughout their degrees even in a STEM field in one of this country's absolute top university. Graduating out of this is harder while graduating out of a bachelors in a top Chinese uni is supposed to be easier (so I've heard). The serious work only begins postgrad. Here it should be clear why there are so many Chinese international students and will almost certainly remain the case for the next decade at least.
Chinese top universities can maybe take less than 1% of the number of Chinese students going into tertiary education. Then the good universities take the next 10%? maybe? I'd imagine much less than that. The the average universities and so on, until about half of the students don't have anywhere to go. The majority of these students are typically still much smarter and harder working than the bottom half of western students and they often qualify and get accepted into TOP western universities. You'll notice Chinese international students always go to either top western schools or at least good ones. They are usually either wealthy ones or smart ones, either not serious or extremely qualified and prefer to have a western schooling experience either for undergrad or postgrad level.
We will continue to see lot's of Chinese international students because if the kids there fail to get into good or great school in China, why won't they go overseas for a good or great school? The remaining choice for them would be an average or low ranked school in China which offers poorly career prospects compared to a degree from a top or good western school. The choice is easy and comes down to money.
The real problem is China doesn't have enough equivalent schools to accommodate everyone. China's got dozens of great universities but dozens is still not enough for that population. It takes time to cultivate and develop a reputation for a university and it won't happen for decades. In the short to medium future though Chinese schools who are up and comers may start to develop such reputations while China's population decreases anyway to facilitate a gradual reduction in traveling students. Most Chinese employers are probably now realising those western degrees are not really worth as much as they are thought to be worth in the past as western schools drop their standards every year. It's piss easy to get a degree in non-STEM now and even STEM standards are dropping at concerning rates. All the pass requirements are being eased, course materials made simpler and chunks taken out, graduating students come out with clear deficiencies. All of this is all too apparent in the industry.
The main preference of Chinese students are anglo universities - USA, UK, Canada, Australia (dominating top rankings) and then followed by Asian ones in Japan, Singapore, Taiwan. They rarely venture out of these. Those students of course exist like going to Germany, France, Switzerland, Italy, and Sweden but their numbers are a small fraction of the former group. So it's really clear that these students are taking only top or good school offerings and not much less. Which shows this market is pretty nominal and behaving as expected.
Getting into good Chinese unis is exceptionally hard and requires some next level hoop jumping that doesn't even test a student's capability. Getting into great western universities is absolute piece of cake for the same student. In fact getting into good western universities is almost like a birthright these days. I remember being surrounded by absolute morons who did almost no work throughout their degrees even in a STEM field in one of this country's absolute top university. Graduating out of this is harder while graduating out of a bachelors in a top Chinese uni is supposed to be easier (so I've heard). The serious work only begins postgrad. Here it should be clear why there are so many Chinese international students and will almost certainly remain the case for the next decade at least.
Chinese top universities can maybe take less than 1% of the number of Chinese students going into tertiary education. Then the good universities take the next 10%? maybe? I'd imagine much less than that. The the average universities and so on, until about half of the students don't have anywhere to go. The majority of these students are typically still much smarter and harder working than the bottom half of western students and they often qualify and get accepted into TOP western universities. You'll notice Chinese international students always go to either top western schools or at least good ones. They are usually either wealthy ones or smart ones, either not serious or extremely qualified and prefer to have a western schooling experience either for undergrad or postgrad level.
We will continue to see lot's of Chinese international students because if the kids there fail to get into good or great school in China, why won't they go overseas for a good or great school? The remaining choice for them would be an average or low ranked school in China which offers poorly career prospects compared to a degree from a top or good western school. The choice is easy and comes down to money.
The real problem is China doesn't have enough equivalent schools to accommodate everyone. China's got dozens of great universities but dozens is still not enough for that population. It takes time to cultivate and develop a reputation for a university and it won't happen for decades. In the short to medium future though Chinese schools who are up and comers may start to develop such reputations while China's population decreases anyway to facilitate a gradual reduction in traveling students. Most Chinese employers are probably now realising those western degrees are not really worth as much as they are thought to be worth in the past as western schools drop their standards every year. It's piss easy to get a degree in non-STEM now and even STEM standards are dropping at concerning rates. All the pass requirements are being eased, course materials made simpler and chunks taken out, graduating students come out with clear deficiencies. All of this is all too apparent in the industry.
The main preference of Chinese students are anglo universities - USA, UK, Canada, Australia (dominating top rankings) and then followed by Asian ones in Japan, Singapore, Taiwan. They rarely venture out of these. Those students of course exist like going to Germany, France, Switzerland, Italy, and Sweden but their numbers are a small fraction of the former group. So it's really clear that these students are taking only top or good school offerings and not much less. Which shows this market is pretty nominal and behaving as expected.
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AssassinsMace
Lieutenant General
This was coming. When trump president, they talked tough, including Brazilian president.
China should be careful about these "friends of good time"
I wonder how many people in this forum were STEM majors. Scientific and technical literacy here seems pretty low.
The only major issue i have with the Ant IPO is that it would allow the US 1%er Elites and their financier buddies access and control over a major lender of credit to the massive Chinese consumer market. Anglos love controlling other peoples' money, this must be scrutinised at every level to ensure compliance with Chinese interests.
That bloke Gordon Chang must've suffered something in his childhood to scarred him like this. For fxxk sake, it was only a report of a raised railroad. He feel obliged to poop on someone's achievement, because it is China.
6G! So 5G is already old hat.
China Sends World’s First 6G Test Satellite Into Orbit
XU WEI
DATE: NOV 06 2020
/ SOURCE: YICAI
China Sends World’s First 6G Test Satellite Into Orbit
(Yicai Global) Nov. 6 -- China sent 13 satellites into orbit today, including the world’s very first sixth-generation communications test satellite.
The devices were put into space by a Long March-6 carrier rocket that blasted off from the Taiyuan Satellite Launch Center, China Central Television reported. Ten Argentina’s NewSat, Beihangxingsat-1, and Bayi 03 satellites were also on board, marking the first time that China's new-generation of carrier rocket has taken foreign satellites into space.
The 6G experimental satellite, named after the University of Electronic Science and Technology of China, was jointly developed by Chengdu Guoxing Aerospace Technology, UESTC, and Beijing MinoSpace Technology. It will be used to verify the performance of 6G technology in space as the 6G frequency band will expand from the 5G millimeter wave frequency to the terahertz frequency.
The satellite is the first technical test of terahertz communication’s application in space, said Xu Yangsheng, an academician at the Chinese Academy of Engineering.
The technology is expected to be over 100 times faster than 5G, enabling lossless transmission in space to achieve long-distance communications with a smaller power output. The technology allows terahertz to be widely used in satellite internet, said Lu Chuan, head of the UESTC’s Institute of Satellite Industry Technology.
The satellite carries an optical remote sensing load system to monitor crop disasters, prevent forest fires, check forestry resources, and monitor water conservancy and mountain floods as well as provide abundant satellite images and data, Lu noted.
China Sends World’s First 6G Test Satellite Into Orbit
XU WEI
DATE: NOV 06 2020
/ SOURCE: YICAI
China Sends World’s First 6G Test Satellite Into Orbit
(Yicai Global) Nov. 6 -- China sent 13 satellites into orbit today, including the world’s very first sixth-generation communications test satellite.
The devices were put into space by a Long March-6 carrier rocket that blasted off from the Taiyuan Satellite Launch Center, China Central Television reported. Ten Argentina’s NewSat, Beihangxingsat-1, and Bayi 03 satellites were also on board, marking the first time that China's new-generation of carrier rocket has taken foreign satellites into space.
The 6G experimental satellite, named after the University of Electronic Science and Technology of China, was jointly developed by Chengdu Guoxing Aerospace Technology, UESTC, and Beijing MinoSpace Technology. It will be used to verify the performance of 6G technology in space as the 6G frequency band will expand from the 5G millimeter wave frequency to the terahertz frequency.
The satellite is the first technical test of terahertz communication’s application in space, said Xu Yangsheng, an academician at the Chinese Academy of Engineering.
The technology is expected to be over 100 times faster than 5G, enabling lossless transmission in space to achieve long-distance communications with a smaller power output. The technology allows terahertz to be widely used in satellite internet, said Lu Chuan, head of the UESTC’s Institute of Satellite Industry Technology.
The satellite carries an optical remote sensing load system to monitor crop disasters, prevent forest fires, check forestry resources, and monitor water conservancy and mountain floods as well as provide abundant satellite images and data, Lu noted.
D
Deleted member 15887
Guest
FFS I did linear algebra in my senior year of high school lmao. US high schools are full-speed with this kinda bullshit, but it also creates way more inequality in the education system. I feel China's education system is far more fairer and egalitarian, especially with none of that legacy and emotive essay bullshit for college admissions. One college entrance test, one score, none of that legacy or wealthy connection bullshit. Kids of the rich and powerful in China are not allowed to have an easy way in, and must prove their worth. Unlike in the US, where JFK could cruise into Harvard with one of the shittiest academic records I've ever seen.
