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1. Good for China. Less money outflow. Chinese students study abroad and their parents send them all their money. More talent stays in China. 2. Good for US st
by aurareturn 2y ago
1. Good for China. Less money outflow. Chinese students study abroad and their parents send them all their money. More talent stays in China.
2. Good for US students. Less competition.
3. Bad for US universities in the North and West since they take on the most international students who pay a lot more for tuition.
4. Bad for international Chinese students who have less choices.
5. Good for European, Australia universities who will benefit from the talent and money.
6. Good for US tech workers who will see less competition in the short term.
7. Bad for US economy short term. Assume 300k Chinese students * $100k/year in spending average = $30 billion gone annually immediately. More students from other countries will fill some of the gap but their spending power is less.
8. Bad for US economy and tech supremacy long term because just look at how many Chinese names are on research papers published from US universities and how many work in important companies like Nvidia, Apple, AMD, Google, Microsoft, etc.
- watwut 2y agoIt won't change much for US students. Those will be more affected by general cuts to universities.