Chinese Economics Thread

[Petrolicious88]

No

Hundreds of millions of parents now don't have to pay expensive afterschool cram classes in English, Maths, etc until midnight

The money that the parents were previously spending will go elsewhere into areas like sports, activities or music
I'm thinking subjects like coding or robotics classes will boom, which is way better than extra English, Maths, Science classes

Otherwise all you have are exam robots

From my point of view, it's a genius policy if they can enforce it

How are they going to enforce it though. There is a strong demand for these tutoring services and they grew Organically b/c of the ultra-competitiveness of Chinese schools. Banning it is not going to dry up the demand.

You think the rich and well connected are not going to find loopholes to give their kids a leg up, thus creating even more inequalities.

These days you would hope your kids can learn 2-3 languages, travel, get exposure to different cultures, and broaden their horizon - it's a global world.

 

[AndrewS]

How are they going to enforce it though. There is a strong demand for these tutoring services and they grew Organically b/c of the ultra-competitiveness of Chinese schools. Banning it is not going to dry up the demand.

You think the rich and well connected are not going to find loopholes to give their kids a leg up, thus creating even more inequalities.

These days you would hope your kids can learn 2-3 languages, travel, get exposure to different cultures, and broaden their horizon - it's a global world.

Well, I fully expect there will still be some very private tutoring of core subjects will continue, but none of these services will be able to scale up and it will remain the preserve of a small number of wealthy parents. And these parents expect to sent their children overseas at some point anyway, so would tend to redirect at least some of the spending to non-Academic activities outside of school, which are more valued in overseas applications

Plus you now see the government allowing tutoring of core subjects on a non-profit basis, and schools providing more sports and societies after school. I've always thought that the Chinese education system was too focused on the academics and a narrow set of career paths where everyone is competing viciously for a few spaces

You end up with a waste of talent and resources. It would be better for children to have a wider variety of interests so that more life paths become available to them. You end up with a better overall allocation of talent to different areas.

So the overall effect should be a large reduction in spending on afterschool tutoring in core subjects, the number of hours spent remaining the same or dropping per child, and increases in sports/society participation. That would also allow parents of more modest means to afford their children overseas travel or education.

This policy is a huge upside from my viewpoint

 

[Bellum_Romanum]

Absolutely love the tears of those English "teachers", most of them are bottom feeders who go to poorer countries with an intent to exploit the local population.

They go to poor Asian countries to establish and practice their cultural superiority by sexual exploitation and establishing their assumed misplaced superiority over Asian men.

 

[NiuBiDaRen]

In the West, during the 2008 crisis, the rich and the bankers hit the jackpot. No consequences, all profits.

The rich people in China, probably thought that they would do the same in China with the Evergrade thing (and in the future)

Joke on them though, the CPC has sent the message loud and clear. If the rich want to excessively gamble and create systemic ricks, and then crash the economy, they will all go to jail (minimum punishment), and the instigators will get executed

Time to harvest the organs of Evergrande billionaire Hui Ka Yan to set an example to other freewheeling billionaires

They congregate on

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to hate on China while living in China. Smh
You'd think that someone who passionately hates the country would be on the next flight out but not in this cas

They enjoy the meat

They go to poor Asian countries to establish and practice their cultural superiority by sexual exploitation and establishing their assumed misplaced superiority over Asian men.

 

[Bellum_Romanum]

How are they going to enforce it though. There is a strong demand for these tutoring services and they grew Organically b/c of the ultra-competitiveness of Chinese schools. Banning it is not going to dry up the demand.

You think the rich and well connected are not going to find loopholes to give their kids a leg up, thus creating even more inequalities.

These days you would hope your kids can learn 2-3 languages, travel, get exposure to different cultures, and broaden their horizon - it's a global world.

Lol man are you for real? What are you an American? I don't know about you but people outside of America knows the world far better and have a more nuance understanding of the world compared to any regular American exceptionalist folks. Americans see themselves as the world and assumed they know the world based on some bleep up ignorant assumptions from visiting Chinatown, Korean nail salons, watching stupid American shows like the Simpsons etc..

Please do tell how are the Europeans that much better than the people in China or any Asians from poorer countries? Because they speak French, Spanish, German, Dutch etc....I bought that b.s. in the past when I was a lot younger and naive but after having having experience and privileged of living, studying, and learning in countries like the U.S. and Canada I don't know if I agree to such unscientific sentiment anymore. Perhaps, the educated, the elites and the well-to-do have a more sophisticated views of the world and for good reasons. But countries like America and much of the west are no better than Chinese people in terms of world views and understanding of the world. Contrary to many idiotic views out there, Chinese people are far more knowledgeable about the outside world than Americans are of the world.

 

[NiuBiDaRen]

l man are you for real? What are you an American?

Probably a Shell and BP stockholder

 

[MixedReality]

They congregate on

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to hate on China while living in China. Smh
You'd think that someone who passionately hates the country would be on the next flight out but not in this cas

China need to kick out these undesirable foreigners that don’t respect China. The same policy that’s used against companies and countries that don’t respect China.

 

[NiuBiDaRen]

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Since Laos plans to export hydropower generated electricity, why not do it with China instead of Thailand and other SEA countries

 

[Petrolicious88]

Lol man are you for real? What are you an American? I don't know about you but people outside of America knows the world far better and have a more nuance understanding of the world compared to any regular American exceptionalist folks. Americans see themselves as the world and assumed they know the world based on some bleep up ignorant assumptions from visiting Chinatown, Korean nail salons, watching stupid American shows like the Simpsons etc..

Please do tell how are the Europeans that much better than the people in China or any Asians from poorer countries? Because they speak French, Spanish, German, Dutch etc....I bought that b.s. in the past when I was a lot younger and naive but after having having experience and privileged of living, studying, and learning in countries like the U.S. and Canada I don't know if I agree to such unscientific sentiment anymore. Perhaps, the educated, the elites and the well-to-do have a more sophisticated views of the world and for good reasons. But countries like America and much of the west are no better than Chinese people in terms of world views and understanding of the world. Contrary to many idiotic views out there, Chinese people are far more knowledgeable about the outside world than Americans are of the world.

whoa, relax. The question is how the tutoring ban can be effectively enforced since the wealthy and connected can always find loopholes to give their kids a leg up. The same applies to the video game ban b/c kids can use their parents' accounts or find other ways.

And yes, in today's world you would want your kids/citizens to learn a coupe different languages, get tons of exposure to other cultures. Encouraging them to learn English, which happens to be the most widely spoken language, is not going to hurt them.

 

[tygyg1111]

whoa, relax. The question is how the tutoring ban can be effectively enforced since the wealthy and connected can always find loopholes to give their kids a leg up. The same applies to the video game ban b/c kids can use their parents' accounts or find other ways.

And yes, in today's world you would want your kids/citizens to learn a coupe different languages, get tons of exposure to other cultures. Encouraging them to learn English, which happens to be the most widely spoken language, is not going to hurt them.

The *currently* most widely spoken language