According to a report by Kevin Walmsley on his site 'Inside China Business' citing reports on the rankings of top universities around the world, USA universities are falling fast in the rankings of the hard sciences - physics, chemistry and engineering, the building blocks of future development. Chinese universities are fast replacing them among the top tier universities.
There is also a report that top scientists, engineers and researchers have been deserting the USA for more lucrative and safer job opportunities in Chinese universities. These Chinese scientist, engineers and researchers have faced problems working in the USA and have decided to migrate to China for a safer and more secure working environment. It is a massive gain for China and a crippling blow for the USA.
Remember that these are top scientists, engineers and researchers educated, trained and highly experienced that have contributed to the USA's technological edge over the decades in computer science, aerospace and nuclear science, and the loss would be more detrimental. They will bring with them a wealth of knowledge and expertise, with China not needing to pay a single cent to nurture them. It is a blessing in disguise for China.
Now, prospective Chinese students, wishing to study in the USA, are weighing whether to take the risk of facing further future visa banning, knowing that Trump's behavior is erratic and unfathomable. Moreover, the cost of an education in the USA is not cheap and the studying environment is not conducive in the face of worries about safety and possible disruption.
The world is larger than the USA and there are alternatives everywhere. Let not us be fooled that the world cannot survive without the USA. That is ending and even decoupling is no longer a threat that the Chinese feared. Now, it is the USA that feared decoupling and migrating the narrative to 'de-risking'. I am not fooled by the 'word salad' expertise of the USA politicians.
Anonymous
Scott Bessent is still flogging a dead horse, proclaiming that China cannot survive without the USA and China could collapse without going to kiss Trump's arse. Did China collapsed after the fall of Evergrande and the Chinese property market as a whole, mirroring the collapse of the USA housing market in 2008 that needed a massive bailout by the USA Government?
ReplyDeleteI want to talk further about China's property market collapse because I did read a report about foreign investors waiting on the sidelines for a bailout by the Chinese Government after their buying in right after the property market collapsed, hoping to cash in. It was not to happen, and they were burnt badly by the Chinese Government's refusal to bail out property developers. Instead, the Chinese Government was prepared to let property developers bite the dust. Nothing is too big to fail in the eyes of the Chinese Government. The Chinese Government was then navigating into supporting the other growth sectors like EVs, chips, aviation and shipbuilding sectors, on top of encouraging domestic spending with all the subsidies and funding trotted out.
Help was never going into the property sector, and any bailout for that sector would encourage more speculation. As Xi told the people, homes are for living in, not for speculative purposes. The Chinese have learnt valuable lessons from Japan and the USA. Investors from USA and the West were burnt so badly, they are livid and hated the CCP.
There has been so much talk about funds moving out of China, together with Western companies moving investments out of China after the collapse of the property sector in China. That has now basically been reversed by Trump with his tariff war. Foreign investors know they cannot do without the Chinese market, even with the property market now a hot potato for them to hold on to.