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https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=6650
Heh.“My advice is that unless you can go to Ivy League schools or good universities in big cities like New York and Los Angeles, don’t bother to come to the US because it’s just a waste of money,” he said.
“The reality is that I am going to a university that is not as good as the one I could have gone to in China, and our family is out 2 million yuan ($302,000).”
Hang Wei graduated with a bachelor’s degree in media from Purdue University two years ago but regrets it.
Sounds like these Chinese students are smarter than the US students, who generally don't figure out that it's often a waste of money very quickly.Kriegsspiel wrote:‘IT’S JUST A WASTE OF MONEY’: CHINESE STUDENTS REGRET ENROLLING IN US UNIVERSITIES
Heh.“My advice is that unless you can go to Ivy League schools or good universities in big cities like New York and Los Angeles, don’t bother to come to the US because it’s just a waste of money,” he said.
“The reality is that I am going to a university that is not as good as the one I could have gone to in China, and our family is out 2 million yuan ($302,000).”
Hang Wei graduated with a bachelor’s degree in media from Purdue University two years ago but regrets it.
For anyone who knows what China was before Deng Xiaoping took over in 1978, after Mao made his greatest contribution to his country–he died–the growth of prosperity astounds. Many criticisms may be made of the Chinese government, some of them valid, but no other government has lifted so many people out of poverty so fast.
Not really. It shows gross ignorance about how a modern monetary system works. Macro money does NOT work like our money.dualstow wrote: ↑Thu Nov 16, 2017 2:50 pmInteresting piece.Kriegsspiel wrote:Why America Can’t Rebuild Without China
How does your comment relate to that article? You're saying that American's "could" do it by taking out our own loans? Your second paragraphlet was kind of the point of the article.Kbg wrote: ↑Wed Nov 14, 2018 6:08 pmNot really. It shows gross ignorance about how a modern monetary system works. Macro money does NOT work like our money.dualstow wrote: ↑Thu Nov 16, 2017 2:50 pmInteresting piece.Kriegsspiel wrote:Why America Can’t Rebuild Without China
At the end of the day, China is sending us tangible things. They are getting US dollars in return which can be inflated, deflated or held stationary.
Life as one of China’s industrial worker ants did not suit Liu Xu: waking up early in factory accommodation, working for 11 hours operating a machine in the tool-making factory, eating all his meals in the factory canteen and going to bed, only to wake up and do it again.
His parents spent most of their lives in deadening jobs — his father on construction sites and his mother in factories — but 23-year-old Liu Xu lasted just a year in a factory in the southern China city of Dongguan. Half of that was the time his company invested in training him to work the machine before he up and quit.
Like Liu, a generation of young Chinese is turning its back on the factory jobs that once fueled China’s growth — and they are helping to transform the economy by doing it.
link
Smart thinking on there part.Kriegsspiel wrote: ↑Sat Aug 24, 2019 8:05 am https://www.quora.com/How-is-China-able ... ustainable
Interesting read.
Wow... They're going to take over, aren't they?Kriegsspiel wrote: ↑Sat Aug 24, 2019 8:05 am https://www.quora.com/How-is-China-able ... ustainable
Interesting read.
I call BS on a ton of different parts of that article. I'm typing with my fingers on my phone or I would go off even more about the problems in that article, but let's just start with the article's continued reliance on showing yuan in dollars to show just how "cheap" the food is there. Sure, if you're an American throwing dollars around, you can buy huge spreads of food in a restaurant like what the article pictures, but the article ignores that translating yuan into dollars isn't rational if your argument is that those paying in yuan are able to buy huge feasts of cheap food including tons of whole fish (they aren't).Xan wrote: ↑Sat Aug 24, 2019 9:56 amWow... They're going to take over, aren't they?Kriegsspiel wrote: ↑Sat Aug 24, 2019 8:05 am https://www.quora.com/How-is-China-able ... ustainable
Interesting read.
Good point. I found a source for median 2015 real incomes for different Chinese regions. In Xinjang, where the author says watermelons cost 10 RMB, median income looks like 15,000 RMB. In the US midwest, 2017 regional income was $61,136. I don't know where the author got that $1.50/watermelon figure, but around here they're $4.00.MomTo2Boys wrote: ↑Sat Aug 24, 2019 11:06 am
I call BS on a ton of different parts of that article. I'm typing with my fingers on my phone or I would go off even more about the problems in that article, but let's just start with the article's continued reliance on showing yuan in dollars to show just how "cheap" the food is there. Sure, if you're an American throwing dollars around, you can buy huge spreads of food in a restaurant like what the article pictures, but the article ignores that translating yuan into dollars isn't rational if your argument is that those paying in yuan are able to buy huge feasts of cheap food including tons of whole fish (they aren't).
MomTo2Boys wrote: ↑Sat Aug 24, 2019 11:06 am ...
whereas in China it is reversed: poor Chinese families can load up on vegetables (but not fruit and CERTAINLY not meat/fish) and cannot begin to afford something like Little Debbie snack cakes, which don't even exist in China.
I've been eating those moon cakes with enthusiasm all my life. It was just a couple years ago I actually decided to read the nutrition info. I really wish I was still in ignorant bliss.dualstow wrote: ↑Sat Aug 24, 2019 6:36 pmMomTo2Boys wrote: ↑Sat Aug 24, 2019 11:06 am ...
whereas in China it is reversed: poor Chinese families can load up on vegetables (but not fruit and CERTAINLY not meat/fish) and cannot begin to afford something like Little Debbie snack cakes, which don't even exist in China.
Who needs it when they’ve got red bean cakes and moon cakes aplenty?
Ok, there's a quote and a person that I did not expect to match up! As a....non-bodybuilding slob* like myself, whose diet mainly comprises belgian ales, pizza, salmon and brie, it's probably not going to change much to eat mooncakes.Smith1776 wrote: ↑Sun Aug 25, 2019 2:39 pmI've been eating those moon cakes with enthusiasm all my life. It was just a couple years ago I actually decided to read the nutrition info. I really wish I was still in ignorant bliss.dualstow wrote: ↑Sat Aug 24, 2019 6:36 pmMomTo2Boys wrote: ↑Sat Aug 24, 2019 11:06 am ...
whereas in China it is reversed: poor Chinese families can load up on vegetables (but not fruit and CERTAINLY not meat/fish) and cannot begin to afford something like Little Debbie snack cakes, which don't even exist in China.
Who needs it when they’ve got red bean cakes and moon cakes aplenty?