Chinese Economics Thread


Education can feed into a country's economy. So it's still relevant here.

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China’s Schoolkids Are Now Officially the Smartest in the World

Primary school students read the Constitution of the People's Republic of China on Dec. 3, 2019 in Dongying, Shandong Province of China.SONG XINGGANG—VCG VIA GETTY IMAGES
Chinese students far out-stripped peers in every other country in a survey of reading, math and science ability, underscoring a
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and the struggle of advanced economies to keep up.

The OECD’s triennial study of 15 year-old students across the world found that the four Chinese provinces tested -- Beijing, Shanghai, Jiangsu and Zhejiang -- outperformed in science and mathematics, even if household income is well below members’ average. In reading, the 10% most disadvantaged Chinese students tested had better skills than the OECD average.

“The quality of their schools today will feed into the strength of their economies tomorrow,” OECD Secretary General Angel Gurria said.

The PISA study of 600,000 students in 79 countries shines a light on the difficultly of improving education, sometimes irrespective of the resources that are dedicated to it. That appears to be particularly problematic for OECD countries that have increased spending on primary and secondary students by more than 15% in the past decade.

“It is disappointing that most OECD countries saw virtually no improvement in the performance of their students since PISA was first conducted in 2000,” Gurria said.

The report also highlights disparities in educational achievement depending on socio-economic background. In some countries, even where government spending on education is high, the background of a student still plays a significant role in their educational outcomes.

On average, 12% of the variation in student reading performance within each country was associated with socio-economic status. In several European countries, including France and Germany, that measure rises above 17%.


Nov 20, 2019
Oct 26, 2019
and here's an update:
China remains silent as Trump repeats threat to hike tariffs if trade war deal not reached soon
  • Chinese officials and state media have been silent on threats from US president to raise tariffs on Chinese goods if ‘phase one’ trade deal not settled soon
  • Senior White House officials still optimistic a deal can be reached to end 17-month tariff war

follow the link
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if interested
Donald Trump: ‘no deadline’ for trade war deal with China, may come after US election
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US threats can’t deter China’s development
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Junior Member
Registered Member
Nov 20, 2019
Donald Trump: ‘no deadline’ for trade war deal with China, may come after US election
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US threats can’t deter China’s development
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China has come come to understand that being vocal around every time Trump threatens China is not good strategy.
They are now giving Trump the SILENCE treatment.


Monday at 7:45 PM
Huawei blamed after ex-staff’s detention
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By Chen Qingqing and Hu Yuwei Source:Global Times Published: 2019/12/2 22:38:40
"Li's wife told the Global Times on condition of anonymity that Li is facing ..." whatever, Glob. Times need to edit this, LOL
but now there's a sad part inside
Huawei's treatment of ex-employee sparks fury, debate
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(about the other company -- I'm not going to look for details)


let me see ... Oct 22, 2017
now I read
China's jobless rate at lowest level in years
2017-10-22 20:23 GMT+8
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was below four percent;
China to take multi-pronged measures to keep employment stable
Xinhua| 2019-12-05 01:10:38
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China will take robust and multi-pronged measures to ensure that employment remains stable. The government will scale up support for flexible employment, boost job opportunities for people with disabilities, and tackle the stubborn issue of wage arrears affecting migrant workers with legal means.

A host of steps was decided upon at the State Council's executive meeting on Wednesday chaired by Premier Li Keqiang.

Figures released by the National Bureau of Statistics last month showed that 11.93 million new urban jobs were created in first ten months this year, meeting the yearly target of 11 million ahead of schedule. The surveyed urban unemployment rate in October at the national level was 5.1 percent, down 0.1 percentage point over the previous month.

"We will face even greater risks and challenges next year. We must give higher priority to keeping employment stable as this is the key in ensuring that our economy does not slide out of the proper range," Li said.

It was emphasized at the Wednesday's meeting that local governments must fully appreciate the significance of stable employment. They are required to introduce more measures that support job creation, and promptly repeal unwarranted regulations that hinder flexible employment. More efforts will be made to catalyze business start-ups and innovation. The terms of guaranteed loans to micro and small start-ups will be eased. Jobs for the public good will be expanded in areas of weakness related to people's lives.

The government will intensify support to businesses to keep their payrolls stable. The current policies of lowering the premiums of unemployment insurance and workplace injury compensation insurance, partial reimbursement of unemployment insurance contributions for employers who keep their payrolls, and subsidies for in-job vocational training will continue for another year.

"Employment is essential to people's well-being. It is the wellspring of wealth and the foundation for social stability," Li said. "Nothing big would go wrong next year if we could keep employment stable."

The meeting required that the vocational upskilling program be fully implemented and vocational training for essential skills be enhanced. The employment safety net will be strengthened to help the unemployed living in difficulty meet their essential needs. For instance, those who have not found full-time jobs yet are no longer eligible for the allowance of flexible employment insurance will be able to stay on this benefit for another year.

To better leverage the Employment Security Fund for Disabled People to boost their employment, it was decided at the meeting to improve the fund's collecting methods and incentivize more employers to raise the percentage of disabled people on their payrolls. The job needs of disabled people as well as vocational training and employment services will be prioritized in the use of the fund to help people with disabilities land higher quality jobs.

"We must take multi-pronged steps to keep existing jobs and add new ones, and introduce measures that boost job creation as quickly as possible. This year, thanks to the reform in transforming government functions and our mass entrepreneurship initiative, an average of nearly 20,000 businesses are newly registered every day. This has greatly eased the employment pressure," Li said.

It was underlined at the meeting that migrant workers have made significant and unique contributions to the country's development. They should be remunerated in full and on time for their hard work. Legal means are needed to promote the fundamental resolution of the wage arrears these people face.

Those at the Wednesday's meeting also adopted a new regulation on ensuring wage payments to migrant workers to resolve the problem of wage arrears faced by these people with legal means.

The regulation clearly defines the primary responsibility of employers, the responsibility of local governments and the responsibility of regulatory authorities. It stipulates that wages of migrant workers must be paid in full and on time.

According to the new regulation, no construction will begin and no building permit be issued if the funding requirements of the project are not met. And a blacklist of employers who delay paying up the migrant workers will be set up.

The meeting urged local governments to take the wage arrears in government-invested projects as the top priority. Governments at all levels, state-owned enterprises and government-affiliated institutions must incur no new wage arrears under any reason.

"We must ensure that the essential needs of the unemployed people are met, and fully protect the rights of people with disabilities and migrant workers," Li urged.


Lieutenant General
Didn't know where to put this under, so moderator please feel free to move the article.

China outclasses West in key education survey

Paris (AFP) - Teenagers from four big Chinese regions outshone their contemporaries in Western nations in a keenly watched survey of education capabilities published Tuesday, which also showed no improvement trend in developed countries over the past two decades.

The PISA survey is carried out every three years by the Paris-based Organisation for Economic Cooperation and Development (OECD), this time among its 37 member states and 42 partner countries and economies.

The latest study, based on two-hour tests taken by 600,000 15-year-olds last year, showed that students in the four Chinese regions of Beijing, Shanghai, Jiangsu and Zhejiang -- as well as Singapore -- topped the rankings, ahead of their Western counterparts in reading, mathematics and science.

"In many Asian countries, the education of children is priority number one," said Eric Charbonnier, an education analyst at the OECD.

"Teachers have high-quality training and there have been investments in schools that had difficulties," he added.

In reading, which the OECD considers its headline indicator of education potential, the best performing OECD state was the tiny Baltic nation of Estonia, followed by Canada, Finland and Ireland.

Bigger European nations languished well behind in the rankings, with Britain in 14th place, Germany 20th and France 23rd. The United States placed 13th in reading.

- 'By a large margin' -

OECD secretary-general Angel Gurria said the students from the four Chinese provinces had "outperformed by a large margin their peers from all of the other 78 participating education systems".

Moreover, the 10 percent most socio-economically disadvantaged students in these four areas "also showed better reading skills than those of the average student in OECD countries, as well as skills similar to the 10 percent most advantaged students in some of these countries," he said at a Paris news conference.

He cautioned that these four provinces and municipalities in eastern China "are far from representing China as a whole."

Yet their combined populations amount to over 180 million people, and the size of each region is equivalent to a typical OECD country even if their income is well below the OECD average.

"You don't have to spend more to do better, that is a conclusion," Guria said.

"We also see remarkable improvement in some countries that perform way below the OECD average, but they are improving very fast," he said, citing Albania, Moldova, Peru and Qatar.

- 'Virtually no improvement' -

But Gurria also sounded a word of caution over the Chinese system, indicating that more care needed to be taken with regards to students' well-being.

"When it comes to those social and emotional outcomes, the top-performing Chinese provinces/municipalities are among the education systems with most room for improvement," he said in a preface to the report.

Looking at the results of the developed OECD countries, he said it was "disappointing" that most member states had seen "virtually no improvement in the performance of their students" since the first PISA survey of 2000.

This outcome came despite expenditure per primary and secondary student rising by more than 15 percent across OECD countries over the past decade.

The survey said among OECD countries, the mean performances in reading, mathematics and science remained stable from the previous survey, in 2015, though some countries outside the group had shown large differences in performance.

Albania, Estonia, the Chinese region of Macao, Peru and Poland saw improvements in two subjects over the last two decades.

The OECD praised Brazil, Indonesia, Mexico, Turkey and Uruguay for enrolling many more 15-year-olds in secondary education "without sacrificing the quality of the education provided".

- 'Postcode a predictor' -

Gurria also sounded a warning over how ready students were to deal with the challenges of modern world, where it is important not just to read but to sort good information from bad.

"Fewer than 1 in 10 students in OECD countries was able to distinguish between fact and opinion, based on implicit cues pertaining to the content or source of the information," he said.

Gurria said that while some countries had shown that socio-economic status should not be an indicator of educational performance, "it remains necessary for many countries to promote equity with much greater urgency".

"Against this background, it is disappointing that in many countries a student's or school's post code remains the strongest predictor of their achievement," he said.
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"This is a method of legal attack and defense. If Huawei only receives attacks but never fights back, it will lose its initiative. Even if Huawei can't win the lawsuit, it will place pressure on the US," communications expert Xiang Ligang told the Global Times on Thursday.
Huawei sues FCC over ‘national security threat’ label
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