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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: OrmontUS   😊 😞
Number: of 4460 
Subject: Re: College slots are taken by foreigners?
Date: 05/29/25 9:21 AM
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Yessterdcay, State Secretary Marco Rubio said the US will “aggressively revoke visas for Chinese students” – especially those in critical fields or with connections to the Chinese Communist Party. There were more than 270,000 Chinese students in the US in 2024 and, for example, they make up the largest nationality group represented at Harvard University.

Chinese families save for years and spend exorbitant amounts of money to send their kids abroad, with students attending cram schools or hiring tutors to polish their applications – with students now facing potential deportation in the middle of their education. Given that China is a one-party state, that reaches deep into nearly every aspect of society, it can be difficult or impossible for many students to disprove any claims that they’re connected to the Communist Party – especially if the State Department defines that term loosely.

It's hard to say whether the ensuing brain-drain will prevent sensitive information from being aquired and brought back to China or if the crackdown could see more Chinese scholars, including some of the brightest minds in their fields, return to their home country – or choose to stay in the first place, and advance Chinese technology instead of the US's. Probably both to some extent, but it's sort of an interesting question as to whetheer it's a zero-sum game.

Jeff
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