People's Republic of China (PRC) : News & Discussions

jetray said:
private tuitions undermine school teaching, instead of focusing on learning they just focused on passing the tests. Most of the teachers in private tuition are in fact from schools/colleges itself who end up neglect teaching in school class and instead start up their own tuitions as business to make more money. In short a student is paying twice once for school and another for tuition, it is double the financial burden.

Worse is that these tuitions are often run by teachers who go on to set exam paper ( even though paper is randomly ) it still gives certain students a big advantage. It is just a subversion of regular education system without overtly indulging in corruption.
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Okay. But this is different from why China banned it. For them, it's about the expenses associated with private coaching in order to keep their only child competitive with their peers and the fact that the average Chinese is not able to afford anything more than 1 child due to such expenses. Banning expensive for-profit coaching would result in a level playing field between the haves and the have-nots, encouraging the average urban Chinese to have more children, especially now that they have lifted population control curbs.

Anyway the drawback with this move is the quality of the education itself will fall. So we shouldn't be joining in line to remove private tutorials. Rather we need to remove the end-of-term exams during school years and replace it with a series of tests throughout the term. And when the students transition to higher education, we need to bring in a common nationwide test based on the MCQ pattern. Basically the system the Americans have. This will eliminate rote memorization and bring in more a creative process to education, and private tutorials can help even more effectively with this transition. The goal isn't to fill a student's head with useless information, it's all about building the student's foundation so they can learn on their own in the future.
 
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randomradio said:
Okay. But this is different from why China banned it. For them, it's about the expenses associated with private coaching in order to keep their only child competitive with their peers and the fact that the average Chinese is not able to afford anything more than 1 child due to such expenses. Banning expensive for-profit coaching would result in a level playing field between the haves and the have-nots, encouraging the average urban Chinese to have more children, especially now that they have lifted population control curbs.

Anyway the drawback with this move is the quality of the education itself will fall. So we shouldn't be joining in line to remove private tutorials. Rather we need to remove the end-of-term exams during school years and replace it with a series of tests throughout the term. And when the students transition to higher education, we need to bring in a common nationwide test based on the MCQ pattern. Basically the system the Americans have. This will eliminate rote memorization and bring in more a creative process to education, and private tutorials can help even more effectively with this transition. The goal isn't to fill a student's head with useless information, it's all about building the student's foundation so they can learn on their own in the future.
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As I said private tutorials virtually undermine the mainstream education. If you need private tutorials then why not dismantle the normal education system and ask private tutorials to take control.

Rest of your comment is a larger subject , what you have not taken into consideration is practicality. First you need to provide education for the masses not for few select ppl. The system will simply not be scalable for population size (eg.. teacher to student ratio). Second is the human element which always brings various things like unequal quality of teaching, discrimination, profit taking (private tutorials)...etc.

American system is neither perfect nor as good as ppl think it is, their conclusion is drawn from few universities not the entire education sector, in fact their health industry & education industry are more horrible than India's they more or less cater only to privileged not for the common ppl .
 
jetray said:
As I said private tutorials virtually undermine the mainstream education. If you need private tutorials then why not dismantle the normal education system and ask private tutorials to take control.
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It doesn't though. Even schools have checks and balances. Underperforming teachers are kicked out.

A normal education system is necessary for standardisation, for when the students transition to higher education. Otherwise, yeah, tutorials is where you actually learn.

jetray said:
Rest of your comment is a larger subject , what you have not taken into consideration is practicality. First you need to provide education for the masses not for few select ppl. The system will simply not be scalable for population size (eg.. teacher to student ratio). Second is the human element which always brings various things like unequal quality of teaching, discrimination, profit taking (private tutorials)...etc.
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It can't be helped. You need different tiers of education based on what you can afford. Providing education for the masses is entirely dependent on the size of the coffers of a country after all. So those parents that can provide better quality of education, both through expensive schools and expensive tutorials, needs to be encouraged. In a globalised world, you are competing not just within your country, but even outside it. So we need students that can compete with the best out there, not just the average joes.

Simply put, what China is doing is very damaging to its future.

jetray said:
American system is neither perfect nor as good as ppl think it is, their conclusion is drawn from few universities not the entire education sector, in fact their health industry & education industry are more horrible than India's they more or less cater only to privileged not for the common ppl .
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I am referring to their school system. Plus you are comparing their average joes with our cream. Our education system is pathetic. Our school system's biggest flaw is we pay too much attention to irrelevant subjects like science and social studies with rote memorisation, while totally neglecting relevant subjects, like English, Hindi etc, which are supposed to build our foundation. Our students can't even read and write but they learn by heart multiplication tables up to 20.
 
BMD said:
@RISING SUN, @randomradio, @Gautam, @vstol Jockey, @STEPHEN COHEN, @Ashwin, @WHOHE, @Bon Plan, @Picdelamirand-oil, @Lolwa

https://twitter.com/x/status/1439910001292857348

Thread here.

View: https://mobile.twitter.com/Jkylebass/status/1439908927370633217
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Wion did a great report on this one.
randomradio said:
I get the feeling China will save it.
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They are going to save it by exporting this economic crisis. This is going to be repeat of the corona blunder only on a economic scale. This train has only begun..
 
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15 buildings demolished in 45 seconds - this is what Chinese builders construct and they have 600 million houses lying vacant. These construction companies will go down like these buildings and take the investors too along with them. This will trigger a 10x Lehman default. Watch at 10:16​


 
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randomradio said:
How will they do that?
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Don't know since my economic understanding is surface level at best. But this will start a a chain reaction of multiple companies going down. So it must have some international effects similar to the 2009 recession...
 
Lolwa said:
Wion did a great report on this one.
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Rough situation, but if you're feeling risky China can be quiet lucrative for an investor. I own 15000 share of Didi Chuxing at an average cost of 8.84. It's currently trading at a cost of 7.75 per share, so my daily is down badly, but long-term Didi Chuxing is a 25-30 dollar stock with 40 dollar potential. In China it's important to remember that the government often steps in to stabilize financial markets and companies.

Buy puts if you're bearish, but never discount China as an investment option.
 
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