News on China's scientific and technological development.

ZeEa5KPul

Colonel
Registered Member
Good luck doing that with a declining labor force and liquidity constraints
China's labour force is not declining, Sleepystudent. You see, naïve analysis would lead one to believe so, since the number of people in a certain age bracket in China is declining ever so slightly from a stratospheric peak, but that's not a useful definition of "labour force." A much more useful definition is the number of people able to meaningfully contribute to an advanced economy, and that number in China is increasing massively.

China is also under no liquidity constraints. China is a monetary sovereign - it borrows in its own currency. To be blunt about it, China's debt is whatever it says it is.
while the rest of the world similarly also pushes the frontier
Given the proportion of scientific papers and patents published, China's the one pushing the frontier. Frontier technologies are great for China since its competitors enjoy none of the advantages they have with legacy technologies. No sanctions there, Sleepystudent.
brain drains China both through emigration and FDI
China isn't being brain-drained. The overwhelming majority of Chinese STEM degree holders live and work in China, while there is a tide of returnees chasing after opportunities and fleeing American racism (you know, above and beyond the usual virulence). America has also helpfully shut its doors in panic. It seems panic is all America has these days.

If India ever develops (big if), it might ironically be brain-drained by China. I find it amusing that Indians hate China with such passion, but if they had the skills and China allowed them, they'd emigrate there in a heartbeat.
 

Michaelsinodef

Senior Member
Registered Member
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40k from China, what's more that's a longer process (so those getting US nationality in 2019, did apply much earlier).

There's also the rise of more anti-China rhetoric, and if you actually dig a bit, you see that the number of students/scientists returning to China is greater than before (compared to the 00s as an example, most likely % wise as well).
 

Sleepyjam

Junior Member
Registered Member
Good luck doing that with a declining labor force and liquidity constraints while the rest of the world similarly also pushes the frontier, brain drains China both through emigration and FDI
Doesn’t look at all for the US. The Fed is already tapering and the market is implying a FED policy error next year. If the Fed raises interest rates next year thing could get really bad in the US.
 
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