China’s Silicon Valley Dream Bumps Against Reality
bloomberg.com
bloomberg.com
Who do you think has a brighter future?
So I’m not sure what this factoid is proving about bright futures.
US Army Corps of Engineers for example maintains levees and dams throughout the USA. https://en.wikipedia.org/wiki/United_States_Army_Corps_of_En...
Yeah, that's part of the DoD budget. Really weird, but that's how we budget for things in the USA.
Then there are mixed-projects, like Military colleges and schools. Officers are all college-educated, so when they leave the military, they still benefit private industry all the same. Or DARPA's contributions to the advancements of science (Adoption of TCP/IP and other long-term research projects)
$4.8 billion / $639.1 billion = 0.75%
It's a minuscule part of the DoD budget. A rounding error.
The majority is spent by the army, navy, and air force. The biggest expenditure category is operation and maintenance, followed by personnel, then procurement.
Whether that's enough to assuage Hong Kong'ers cynicism is a different matter, of course ;)
I myself don't understand American obsession with healthcare, they are free to go anywhere in the world, and it will be cheaper for you than back home.
It's not cost prohibited, discount airlines like Norwegian Air and Air Lingus run non-stop flights from the East coast to Europe for $100-$300. Flights to the Caribbean are not more expensive than domestic flights.
Flying anywhere is cost prohibitive for a lot of families in the US. Buying 4 or 5 airline tickets gets expensive fast, even on low-cost airlines. The median family vacation in the US is probably a car trip to a destination within 4-5 hours of where the family lives.
This isn't as relevant for people without families, but many of them tend to be early in their career, so money and vacation time are bigger constraints.
Median family income in households with children in the US is ~$80,000/year, mean is ~$100,500/year[1]. That's enough to afford $1,000 in airline tickets if you wanted to. Millions of people fly to kid-centric destinations like Orlando, Florida a year, and Orlando is incredibly cheap to fly to. It also amazes me how many people bring children on cruises and they even have kid centric cruises. The cost to fly is also at a historic low.[2][3] I see routes I took 10 years ago not increase in price since then.
Most people I know are not "travel people" and wouldn't take a "travel vacation" if it was free, so they are not buying airline tickets. Just cuz they aren't buying airline tickets doesn't mean that can't afford them if they wanted to.
My point was, if you're going to get onto an airplane it doesn't have to cost you significantly more to travel to a foreign country. Also traveling abroad isn't exactly something one "should" do, some people just don't want to.
[1] https://www.census.gov/data/tables/time-series/demo/income-p...
[2] https://www.cntraveler.com/story/average-domestic-airfares-n...
[3] https://sfgate.com/chris-mcginnis/article/Hawaii-South-Afric...
It leads to an uneducated populace, ignorant of other cultures and with a very limited perspective of world affairs.
People's understanding of the world becomes limited to what you hear from the state department and the news media.
Makes it easy to drop bombs on people a world away if you never bothered to get to know the people or places you're destroying.
You can learn about foreign affairs and become educated without visiting other counties, it's not a requirement. You'll learn more in books than you'll learn drinking a margarita in Cancun resort.
Visiting other countries doesn't, by definition, lead to learning about foreign affairs and becoming educated of other cultures. I studied abroad and some of my fellow study abroad students didn't develop any understanding of foreign affairs or enlightenment about culture.
No place that has been bombed lately are where tourists will travel to.
International from/to the US is pretty much the same as everyone else in the world pays. This is based on my experience paying for and flying to 32 countries, many more than once.
My understanding about why Amercians don't fly international is the same as the UK used to be - not many even have a passport, and even less have an interest in cultures other than their own. For these last two comments I have no data, only hearsay.
There's a much simpler reason: the US is unbelievably large compared to European countries. The US equivalent to a London-Rome trip would be Washington, DC-Miami. Another example I give is that I used to live in Urbana-Champaign, which is "near" Chicago, which is roughly commensurate to saying that Paris is "near" Brussels.
And of course, the sheer size of the US also includes a massive diversity of climates and environments. The Florida Keys, North Carolina's Outer Banks, the Great Lakes, badlands in the Dakotas, Yellowstone, the Shenandoah Valley, Maine wilderness, Utah's canyons, Nevada's salt flats, San Diego--all of these places are completely different from one another. Not to mention we have our own Caribbean islands (US Virgin Islands, Puerto Rico), subarctic wilderness (northern Alaska), and Pacific paradises (Hawaii, American Samoa, Guam, Northern Marianas).
There might be a minor distinction to be made between having a no interest in other cultures and having £1500 lying around to fly to London.
1500? Easily doable for 500/600 return with some planning.
I get those values when searching MIA-London in Google flights, doable with other cities as well
However, is it perhaps possible that the precise numbers might not be particularly relevant to the point? It's still at least an order of magnitude more than the cheap flight, for two major destination cities about as far apart and Detroit and Dallas.
For example, from St. Louis, the cheapest round trip is in the ~$900 USD range.
Cancun has always been a popular destination.
Its $60 for EWR-ATL and I didn't even look hard. $260 EWR-SFO and that's a 5 hour flight.
https://www.reddit.com/r/MapPorn/comments/8fscnh/european_st...
I understand they may think it is, but it's not. And certainly cheaper than having to pay for healthcare back in America for any serious intervention.
No it isn't. It's just that we have a huge country stretching from the western pacific ( guam, hawaii, etc ) to the arctic (alaska ) to the caribbean ( puerto rico ). We have a variety of cultures, regions, natural wonders and peoples than any country in the world.
Most americans can afford to travel overseas. But we have so many options within the US and its more convenient. Traveling from NYC to hawaii is far more impressive than traveling from NYC to London. And we have the grand canyon, mount denali, yosemite, yellowstone, florida, mount rushmore, new orleans, texas, chicago, endless list of places to visit. Most people, not just americans ) would explore their own nation first and then see the rest of the world.
It's generally europeans who brag about traveling and yet they mostly travel between tiny european countries. What's so impressive about someone in luxembourg traveling to france, germany and belgium in an afternoon? It isn't that impressive. But they could claim to have traveled to 3 countries even though those countries are pretty much the same as luxembourg.
To put this into perspective, the distance from moscow to berlin is 1100 miles. The distance from NYC to LA is 2700 miles. We just have a lot more land, lot more culture, lot more places to visit.
LOL. You know the difference between America and yoghurt, right?
Maine to NYC to new orleans to texas to california to the midwest to las vegas and throw in puerto rico, alaska and hawaii.
Feel free to show me another country that can match the diversity of peoples, cultures and land that the US has. LOL. Show me another country with the grand canyon, rocky mountains, yosemite, yellow stone park, etc.
I love people who laugh at american culture and yet watch our movies, tv shows, listen to our music, etc. So thumb your nose at us while listening to rock n roll, jazz, hip hop, techno, etc and watching game of thrones, friends, southpark, etc.
I gave an honest answer to why americans don't travel to foreign countries as much. It's because the US is the size of a continent. We have a lot of things to see here. We can literally travel thousands of miles and still be in the same country. In europe, you can drive through 3 countries in an hour.
Frontline, I think, once found that, while there are very good doctors all over the world, when you walk into any hospital in the USA, at least, odds are the doctor in front of you is very good but the odds of that happening in other parts of the world is far lower.
No, there is also a large bellcurve in terms of treatment outcomes back in the US between choosing the best in one's field and going to any hospital. That's not unique to international medicine at all.
1. Company registration - rules for company registration for all kinds of incentive zones keep changing monthly. That's insane.
2. Property protection: state has to give assurance that the 2009 style purge will not happen again
3. Personal safety - Shenzhen beats most cities in US on that, at the price of having a police post every 100m
4. Freedom of movement - you have to apply for 3 visas beforehand HK visa, China visa, Macau visa. APEC card works as a universal visa, but god know how one gets it. Last time I applied, the chamber of commerce said it is first time they heard of it.
5. Lifestyle - Shenzhen is one of world's most livable cities already, a head above of Silicon Valley
6. How much money you can make - not enough for somebody working in SV,or London already. A senior engineering cadre nets 25k-30k CNY per month. Cost of living, 7.5k CNY for a bachelor, even if you party hard. So, in the end you get around 3k usd to spare at current CNY price. I don't see much Americans, but for Eastern Europeans... 9 out 10 white people you see in factory districts speak Russian, or some other Slavic language. Lots of Indians, and Africans as well.
Why do you claim so? I’ve never been to SZ, but if it’s anything like Guangzhou or even Hong Kong, I don’t see how the quality of life there is obviously better than Silicon Valley, especially if you are into outdoor activities and dislike heat and humidity.
Or so you mean SZ has much better traffic than SV? Even that I would doubt. Better air quality? SZ is good for China, probably worse than SV. So what are the metrics for “most livable city?”
> A senior engineering cadre nets 25k-30k CNY per month. Cost of living, 7.5k CNY for a bachelor, even if you party hard.
Those numbers are laughable even for Beijing, I hear SZ is way more expensive still. 30k/month is junior engineer territory, and you are lucky if your one bedroom apartment is only 7500/month in rent.
That would leave me 2.5k for other expenses per month. That's about 83 RMB per day? Yeah, I think I could do that if I have zero partying and ate only the cheapest food each day. baybal2's numbers are way off. Many people do this, but many of them are doing it because they're not making nice engineer salaries. The ones I know and meet seem to like the finer things in life.
There are very few Chinese restaurants these days that charge only 15 RMB for a meal, depending on where you are in Shenzhen. Only hole in the wall shops, which are few and far between in most high tech parks. With waimai delivery, minimum cost 20 RMB for a nourishing meal, usually 30. Yes, life is feasible, I'm doing it.
But my main contention is that someone with 7.5k take-home pay can party hard. Don't think so. Unless party hard means watching movies all night on one's phone. Even a high-quality pearl milk tea will cost 30 RMB. Most Chinese (not western) restaurants that my wife and I visit now and then have a final bill of 100 to 200 RMB.
Yes, whoever is a city planner here, he is genius.
>Better air quality?
Yes, for simple reason that prevailing winds come from the sea
>outdoor activities
Every sporting event you can imagine, thanks to all things left over from universiade, and there is Da Peng peninsula, Zhuhai, and lots of greenery. If you don't mind getting malaria, and be bitten by monkeys, you can brave nearby hiking venues.
>dislike heat and humidity.
+30 is quite livable by my standards, and I spent almost half of my life in East Russia and *stans
30k is the junior engineer territory if you compare it with standards of Western run companies.
Here, a local without English gets so much in a company having nothing to do with dot com business
And yeah, the weather is totally fabulous around this time of year
In Beijing, junior engineer typically earn 17k-21k and that's before tax. His numbers seems quite right from my experience
I guess you could go lower end, something much more decrepit should be 3-5k/month (think pre boom apartment buildings). However, this would chip away at ones sanity and I don’t recommend it for a westerner. Also, most of SZ’s housing stock is much newer in Beijing, so you won’t find that low end as accessible. Instead you probably have to move way out into the suburbs to find rent that cheap.
It’s great using the diplomat line throughout Asia.
> APEC card works as a universal visa, but god know how one gets it. Last time I applied, the chamber of commerce said it is first time they heard of it.
You are kidding me. What are you smoking?
Safe uncancerous air: SV
Safe water: SV
Safe food: SV
Safe medicine: SV
Freedom: SV
Nature: SV
Education: SV
Healthcare quality: SV
Salary: SV (10x-20x)
Food: SV (China has Chinese food and not much else. Most of the time you are stuck eating hot pot. There is pretty good food from China in SV)
Shenzhen is a notch above Beijing, so I doubt it would be any worse.
Look at per cent of Chinese students staying in US after graduation. It's not that big, considering the student visa to working visa is the easiest legal way into US.
Student visa to H-1B is difficult even for a software engineers. Outside of software engineering, it's much more difficult without a PhD or a high demand masters.
For the vast majority of graduates an H-1B is the only real option and there are only 85k of those given out per year total.
Comparing to? There is no easy legal way into US (if we consider the 'marriage to stay' not legal as we should).
By the way, many other factors are there, from Chinese patriotism to cultural differences, students demographics and American colleges business on foreign students. It's understandable from American perspective to be sure US is the best place on Earth though. But reality is more complicated.
> One 2016 survey of nearly 1,000 Chinese students studying at Purdue University – a large public college in rural Indiana – found that 29 per cent reported developing a more negative attitude toward the US since their arrival.
> Forty-four per cent said their attitude toward China had become more positive since coming to the US.
https://www.scmp.com/magazines/post-magazine/long-reads/arti...
That's the point. There is no easy legal way to become a permanent resident. There are far more Chinese students who want to stay than can, so your evidence doesn't support your claim.
> One 2016 survey of nearly 1,000 Chinese students studying at Purdue University – a large public college in rural Indiana – found that 29 per cent reported developing a more negative attitude toward the US since their arrival.
And a statistically equal amount developed a more positive attitude. I'm not sure what a survey of 1000 Chinese students at a random college is supposed to prove. Students who are willing to travel to the other side of the world are more likely to hold an unrealistically optimistic view of the US before coming here, so it's expected that some percentage of them will have to reconcile fantasy with reality.
> Forty-four per cent said their attitude toward China had become more positive since coming to the US.
Rosy retrospection [1]. People have a tendency to judge the past more positively than the present. If you asked those students the opposite question after living back in China for several years, you'd likely get a similar result with respect to the US.
>It's understandable from American perspective to be sure US is the best place on Earth though.
I can think of several other places that are better in terms of quality-of-life for the average person. China isn't one of them.
Edit: appears the project was delayed since 2016 due to various issues.
You mentioned the cost-benefit. Making is easier for a region of 60 million people to get around obviously has a very high benefit.
But the country would have been undoubtedly better off if the Nationalists won the civil war - and the place ended up like Taiwan.