You make some good points. The advantage of China, not to say they won't burst, is that they are managed like some big corporate entity. And those useless US dollars --- doesn't that mean serious inflation here?
When you look at medical and dental schools here, they are filled with students from India and will get more and more China.
That is my argument. China is making huge investments in their young. Training them in languages, math, science. Yes, Mao killed off the intelligensia and destroyed the universities and they have to rebuild. But they are doing that.
My point was about all these kids, kids that are very hungry to work hard and if the combined population of India and China are 10X the population here and you have gifted kids everywhere, and they come here for college, the options get smaller and smaller for kids here.
The story of Japan and China are very different. As the story of India and China. India isn't really investing in infrastructure. China is learning quickly. And they have bought up a lot of Congo. So although they may have useless US dollar denominated bonds, they own a lot of commodities to hedge.
Anyway, DD5 is taking Mandarin now. She likes the idea that China may be the world power when she grows up and she needs to learn so she can talk to them. And she loves the class.
On another topic. I am finding the horizontal diversification working. After finding out that the Special Music School is actually delayed on the curriculum and math is a year behing, but by 5th grade, the kids can pass the 8th grade regents, it makes me rethink the gifted curriculum idea.
Ren
