
US hostility to Chinese students prompts many parents to look elsewhere
For some, the American dream is giving way to more pragmatic alternatives closer to home or in other Western nations, as the United States' unpredictable approach to international students makes them ponder the returns on investment in their children's overseas education.
The latest wave of uncertainty crashed ashore last week when US Secretary of State Marco Rubio announced that the US would revoke visas for Chinese students with ties to the Communist Party or those studying in 'critical fields'.
That followed an abrupt suspension of student visa interviews worldwide as the administration considers stricter vetting measures, including screening of potential students' social media posts.
US president Donald Trump added to parents' concerns on Wednesday, when he proposed cutting the proportion of international students at Harvard University from 30 per cent to 15 per cent, claiming that American students were losing opportunities.
That remark came just days after the Department of Homeland Security attempted to block Harvard from enrolling international students, a move later halted by a federal judge. On Thursday, the Trump administration said in a court filing that it would not immediately terminate Harvard's ability to host international students, giving the university 30 days to explain why it should keep that ability.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
33 minutes ago
- South China Morning Post
Chinese officials call on carmakers to clamp down on price spiral
In discussions with major carmakers, China has repeatedly brought up the 'irrational competition' driving down prices – an economy-wide issue threatening the buoyancy of emerging growth drivers , particularly new energy vehicles (NEVs) – calling for firms to establish lasting standards to ensure fair and orderly market activity. As Beijing seeks to rein in a cutthroat price war driving down growth potential in the sector – a trend that is also fuelling deflationary pressure – industry leaders gathered in the capital for two symposia held over two consecutive days, according to two statements released by the Ministry of Industry and Information Technology (MIIT) late Friday. Officials present instructed companies to take action and reverse the slide. 'It is vital to recognise the extreme urgency of curbing irrational competition in the NEV industry,' said Che Jun, deputy head of a central guiding group, at a meeting with the China Association of Automobile Manufacturers, the foremost trade association for carmakers. Representatives from Beijing Automotive Industry Holding and BYD also attended. Guiding groups are dispatched by the Central Committee of the ruling Communist Party to provide supervision and guidance to localities and industries relevant to the group's designated area of focus. Che stressed that the problem is prone to recurrence and therefore requires sustained, long-term efforts. Leading companies should set an example for the rest of the industry, he added, by engaging in lawful and rational market competition. The other symposium was held by MIIT, the National Development and Reform Commission and the State Administration for Market Regulation, with representatives from 17 leading carmakers present. The assembled government bodies said healthy industrial development should be promoted through cost oversight and price monitoring.


South China Morning Post
2 hours ago
- South China Morning Post
What does Trump's transshipment crackdown mean for Asian industrial property?
US President Donald Trump's administration has Asia's economies in its sights . The region has become more trade-dependent since the 2018-19 US-China trade war. Asia ex-China's trade surplus with the US doubled from September 2019 to US$400 billion at the end of last year. However, it is not just the widening trade imbalance that has incurred the Trump administration's wrath. The surge in Asian, particularly Southeast Asian, exports to the US was accompanied by a sharp increase in Chinese imports in many countries in the region. In Vietnam, Indonesia and Thailand, the share of imports from China has risen to 28-39 per cent, up from 20-30 per cent in 2015, according to Nomura data. The correlation between Asia's exports to the US and its imports from China underpins a key plank of Trump's new trade strategy: cracking down on 'transshipments' in an attempt to stop China using other Asian markets as a back door for repackaged exports to the US, avoiding the higher tariffs placed on goods exported directly from China. Trump's efforts to reduce China's role in Asian supply chains pose a bigger challenge to the region's economies than the ones they faced during the 2018 trade conflict, some of which turned into opportunities as several economies capitalised on the effects of trade diversion In the property industry, the manufacturing-driven industrial and logistics sector is the most vulnerable to the disruption and reshaping of world trade. Asia's industrial real estate , which includes properties used for manufacturing, distribution and storage of goods, is ground zero for the impact of tariffs on commercial property.


South China Morning Post
4 hours ago
- South China Morning Post
Chinese bond ETFs top US$50 billion in assets managed in frenzy spurred by deflation
Chinese investors are snapping up exchange-traded funds (ETFs) that track bonds, betting on their lower costs and diversified exposure to profit from an environment of stubborn deflation and policy support for the corporate sector. Assets managed under such ETFs surged to more than US$50 billion at the end of June, up from $10 billion at the beginning of last year, according to Bloomberg data. The number of those targeting corporate notes increased sixfold since the end of last year to become the fastest-growing segment, accounting for more than half of all bond ETFs. The bond ETFs appealed to investors with cheaper costs, potentially higher returns, as well as coveted exposure to some of the country's burgeoning technology firms. They also offered better liquidity and lower default risks than investing directly in corporate debt, with some even eligible to be used as collateral for short-term borrowings. They have surged in popularity as investors hedged against an uncertain outlook for the Chinese economy, given unresolved trade frictions with the US and persistent deflationary pressures caused by weak consumption. The rapid expansion, which could stoke volatility, was driven by private funds, banks and proprietary desks at brokerages. 'Chinese investors' demand for low-risk, fixed-income assets keeps growing, so bond ETFs became an ideal candidate, given their liquidity advantage and diversified holdings,' said Rachel Sun, director of China manager research at Morningstar (Shenzhen). 'Market expansion and product innovation have provided a rich pool of underlying assets.' While China's central bank has vowed to keep monetary conditions loose, it has also repeatedly warned about risks from excessive bond rallies. With yields already near record lows, government debt was considered a crowded and less rewarding trade. In comparison, fixed-income ETFs offer investors not only capital gains but also access to higher-yielding corporate notes, which have expanded their presence in the product's underlying asset mix.