Not only does China own more of US debt than any other country, Chinese students account for the number 1 foreign students in the US. On top of it trade between the two is also at a very high level. Any concerns about military conflict between the US and China must be a remote possibility. They are too inter dependent. Never did the US-Soviet relationship approach anything like that of US-China. I hope I am right!
China Daily: “Booming Chinese-student enrollment in United States colleges and universities contributed nearly $5 billion to the US economy in the 2011-12 academic year, an education expert estimated.
“The rise of China as a contributor to the economies of many US institutions mirrors the increasing influence of China in the global economy,” wrote Rahul Choudaha, director of research and advisory services at World Education Services in an e-mail to China Daily.
World Education Services is a New York-based nonprofit that specializes in international education and research.
“In 2003-04, there were 61,765 Chinese students enrolled in the US, contributing an estimated $1.4 billion to the economy. This ballooned to 194,029, contributing nearly $5 billion, in 2011-12,” Choudaha added.
The number of Chinese students enrolled in US institutions of higher education in 2011-12 increased from 157,558 to 194,029, or 23 percent, over the previous year, a new report shows.
The Open Doors 2012 report, published on Tuesday by the Institute of International Education with support from the Bureau of Educational and Cultural Affairs of the US State Department, reveals that international students in US universities make a significant positive economic impact on the US.
The report also shows that nearly half of Chinese students favor business and engineering, which became the top two majors among Chinese students.”
via Students from China add $5b to US economy |Society |chinadaily.com.cn.
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- Overseas students set record for US enrollment – Pittsburgh Post Gazette (post-gazette.com)
- U.S. colleges get more international students (qctimes.com)
- International enrollment at US colleges is climbing (foxnews.com)
- Chinese Enrollment Soars as More International Students Attend U.S. Colleges (thechoice.blogs.nytimes.com)
- Why there’s a boom in Chinese students attending US universities (qz.com)
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