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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (17659)	12/5/2004 10:43:44 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Expensive schools are not the best ones in China. Private schools are new in China so they do not have as good and as experienced teachers as those top state schools. At most they have some good teachers to teach for part time. People who go to private schools in China are those who cannot get high enough score to enter the best middle schools. And majority of the students in private schools are brats from rich business men. Dropout rate is extremely low in Chinese universities that can be ignored completely. China has dif. systems for research. Unlike the US, the main research army is among the universities, in China, the main research army is still in the state research institutes, e.g. Chinese Academy of Sciences, Chinese Academy of Social Sciences, Chinese Academy of Agricultural Sciences, etc. There are a national academy in pretty much every major field, and most provinces has their branches. They get major funding from state. That is the major reason why graduate schools in China are not as good as the ones in the US. But we are talking about undergraduate study here, I think. As for the flocking to China for university study in 2050? Not sure about that. I suspect by then the university education in China might not be significantly cheaper than the one in the US<g> I just don't think that will happen due the distinct nature of the US and Chinese culture. Setting up R&D centers is a dif. matter. A lot of multinational companies are already doing that. I read that a team of 5 Chinese young researchers working in Sony R&D Center in Beijing has solved a major technical problem which has been working on by Japanese researchers in Sony Headquarter for more than a year but could not be solved. What China needs is not inventing under multinational brand names without being recognized. China has to set up their own R&D centers, and make some hard effort to create their own brand names. That is what China should strive for. It may take some time, but at least should be a goal. What bothers me now is that some leadership at the national level in China is satisfied working as cheap labor for multinational companies, whether it is brain labor or physical labor.