Is China nuts to throttle its tech firms, esp edu-tech & destroy nearly a trillion $ of their value
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- Опубликовано: 27 сен 2024
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As China cracks down on its tech companies, esp edu-tech their shares see the biggest two-day fall since the 2008 financial crisis. In Episode 799 of CutTheClutter, Shekhar Gupta explains what these newly-imposed market regulations by CCP are how they have spooked investors, and why these are driven by political & demographic reasons.
Brought to you by @KiaInd
Additional research credits: Nidhima Taneja, Sukriti Vats and Tara Rao
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Dear Mr Gupta,
Would you consider reconsidering your price point for subscription charges? Times of India is charging Rs 799 a year. The economic times is charging Rs 1440.The Hindu is charging Rs 1199 a year. You on the other hand are charging five to six times as much per year ( 5000 rupees a year.). Your paper is excellent, but I feel that you are missing out on a lot of subscribers who engage in comparison shopping. Even for a print subscription, Rs 5000 a year comes to around 13 rupees a day, which would be pretty high for a hard copy broadsheet.Your price point for a purely online subscription is in about the same as the New York Times, and pretty close to the price band of the Economist, both of which have considerable value additions in terms of book reviews , arts etc and a much stronger stable of worldwide correspondents. Perhaps you could ask your marketing staff to do a survey of the market. After all, as you've repeatedly said, data matters.
Sincerely
Sir i am a student and i would like to contribute to The print ( means doing research work or write for you or anything) if you are interested.
It's 800th episode of CTC tomorrow, last time on 700th episode you had promised to do something special but you didn't do anyting. Hope team "The Print" will do something special this time around.
May be a live session with all the correspondents and reporters and back end team together and the audiences could ask their questions to anyone from "The Print" team
Orr you could divide all the employees at "The Print" in different groups and plan live sessions with each group in the days to come. One group this week...next group may be in next week and so on and so forth. This way we could interact with them live.
Hello Mr Shekhar Gupta I am Civil service aspirant
I want you to talk about possibility of Military option with respect to Afghan issue.As current taliban leadership is more inclined to pak.there is very less leverage of india and that is also diminishing day by day.Should India always be a part of solution? should india became a part of problem?
If India gives strong message to taliban regional powers like Iran russia might support india provided there interest are taken care of.Thanks
Great Video Sir. Just had a wild thought. China taking such huge steps, could result from some intimate knowledge of Covid-19 and it's future trajectory which other countries do not, and knowing what will be the result in the long term. For example they know this epidemic is not gonna go away for a very very long time and will get worse, and eventually the world share markets will stop their bullish run and collapse. They're just getting ahead of it, along with bringing in communist reforms which in such an environment will be good for their citizens and companies.
Going off the point to build the story has been your hallmark. I enjoyed listening the same.
Yes! Totally agree.
Agree!
Agreed, but in the last national interest it was just too much lol😂
Agree!
he speaks congenitally parenthetically.
The somewhat meandering off the topic also helps us know better other things which we would not if you directly come to point. Especially the times when you explain that in 80s 90s I was there. It helps us imagine that era. So please continue
Yes totally agree.
I love the 70s 80s 90s stories of Shekhar..
@@suraj0730 yes lol he should keep sharing his stories
Agreeed! Dk y he picked up a few hate comments and worked on it purely.
You present to the indian audience a fairly unbiased, sincere and trustworthy journalism that is very rare in a country like ours. Nobody can be ideal but you are very close to it in my opinion, so dear sir, you can't fulfill everyone's wishes and i request you to keep doing what you are doing and don't change a bit, the way you present your stories makes news more interesting and has imparted a lot of wisdom in my brain over the years. We love it. Thanks.
Very nicely expressed. I couldn't agree more. Thanks a lot Shekhar Gupta Sir for your amazing in-depth reporting.
not for Indians only, world audience,
You have formed an opinion very soon.
Agreed 💯
Only a biased will squeak about this stuff as unbiased.
So obviously, he carries anti- leftist agenda.
Jack Ma was proposing a somewhat radical revamp of credit and banking, and that scared the Chinese government. A stable banking system is absolutely essential for a functioning economy.
The Chinese education companies overcharge in my opinion, but education is the one thing where Chinese parents don't question the cost(mostly).
As much as we hate the Chinese and CCP, we must learn from the long-term outlook the Chinese have. Meanwhile in India, it feels as if the government is living in its own fantasy world where everything it does is for the present (especially before major elections) with no real long term planning. Be it Demonetization or Lockdown, they all missed accounting for long-term consequences.
Ever heard of the "Great leap forward"? The CCP is no stranger to blunders and lack of LT planning. However, they have the ability to hide mistakes using "Tiananmen square" methods. India is a complex country that requires consensus because like it or not everyone carries a "veto" power here hence the "Eid relaxations" of Kerala or the "Farmer" protests. Only the good-old-fashioned American capitalism is the right way for India. It will take time. Rome was not built in one day after all. Also, we missed most of our opportunities in the 80s.
Mainly demonitization, post lockdown the economy actually was improving quickly until the second wave came (it was expected that in September Indian economy would go down to -10.2 but instead it only went to -7). The thing is not so much China or India but about whether leaders listen to advice given by educated people.
@@sankalp6872 the Vietnam model of development is the best for India (barring the dictatorship which we can’t have). Vietnam has less growth and poorer infra than China did when China was Vietnam’s level but the education and health sector allow it to be just as competitive as China now.
In India govt is in sleep walking mode. Wherever it takes them they go there , even if its to a precipice they will just go and die.
@@tomriddle4110 Post lockdown economy was actually improving !!!???? By which data and which yardstick ? LOOL Actually just before Corona hit India , we had the worst unemployment and worst growth rate and there was already talks of India entering recession. HAHAHA What was the purpose of DeMo anyways ? Completely shambolic step destroyed India. It is precisely because you can not see the future where things like pandemic can destroy you , one should not take such stupid measures without planning.
I vaguely remember seeing an episode of Prannoy Roy's weekly show "The world this week" on Doordarshan. This was during the early days of China's economic liberalisation and the show featured a story on this. There was a Chinese commentator there (sorry, cannot recall who and cannot recall the exact comment) who said something like this - China is not becoming a capitalist society or a democracy with this economic liberalisation. But it is certainly providing much bigger cages for the birds to fly much more freely while still remaining caged.
That was indeed an insightful and prophetic observation done more than 2-3 decades ago.
In the last 2-3 decades that cage has become big enough to accommodate the world. This consistent expansion of the cage has been the hallmark of Chinese success. They have achieved this as their political system is Based on Meritocracy and not democracy.
@@pardeeptandon meritocracy lol
@@pardeeptandon meritocracy??so r u saying a staunch democrat in people's republic of china will be able to reach high places if he or she is meritorious??
@@pardeeptandon Another CCP slave spotted.
Good to see them spending money for Print.
@@pardeeptandon Xi jinping is literally a CCP princeling. Meritocracy my foot.
I agree with Chinese education minister here. Online education for children below certain age limit gonna have some drastic impacts on their physical and mental development overall .
“In India you need to get 101% to get into a good college”-SG… this hit me hard but a fact though😅😂😂
Unless you have a caste certificate i.e. !!! 🙄😏
And the funny thing is how do they make u get that 100% is by rot learning with no practical projects or application.
@@pushkargodse true
@@pushkargodse spittin fax🔥🙌
"Some people can afford more expensive coaching centres ( unacademy, byjus ) and some can afford none, that make competition unequal." That hit me hard as an aspirant.🙄
Well youtube has a lot of educational content for free. So it's not all bleak for those who can't afford coaching.
Competition made things worse. They willing to way just to win over another. It cost alot if you hv more children's under ur care. Therefore, Education, Property n Healthcare has to be reasonable price to encourage parents to add on birth in the family.
It's not about aspirant or not. The courses that should be given in school are brought to training centres in advance. It is about you are rich or poor.
@@harisadu8998
The Chinese has been going to overseas to study since 1950s or earlier. It was due to acquiring better know how. Today, it is still the same as many Chinese parents thought by learning in overseas it will prepare their children's ( mostly 1 child) with a better knowledges, exposures n improving their English communication too. They will come back to exploit the opportunities n MNC companies.
The trend will continue.
The other point was that the education system in China was very competitive. Millions were eyeing for universities entrance n the syllabus were of higher standard compared to the West. Many average n lower qualified Students in China found the average American n Western Universities syllabus were quite simple for them. They scored As in the Western Universities which they can only got C in China. So many affordable parents cud send them with the hope that the children's cud obtain a degree certification b4 they comr back. The good one will stay put as they bring hired by Western Tech companies.
China did the right thing 😂
Education , health and housing are the responsibility of the government and should be free or affordable.👍👍👍👍👍
Any country which makes it free will go bankrupt.
@@muktiprateekdas9769 how will it go bankrupt?
Try buying a house in downtown Shenzhen you will forget the meaning of "Affordable" 😂😂
@@arbaz79 Have u seen cubaa.a socialist country is a great country when u have excess to capitalist market.cuba is praised for its medical facilities but a first world country Cuba can't manufacture it's vaccine but capitalist can.
Just CPC wanted to ensure it's peoples never revolt in future due to dissatisfaction.
Chinese do think and act, and this is why they are progressing ! We think but don’t act.🥵
Our political parties are just interested in grabbing power..later do everything to hold on to it..
@@kavisiddu j no n
Thanks
Have you been in China? Behind sky scrapers, it poverty, corruption and pollution. Maybe also I'm India, government snoop on you, but it has to follow the law. In China law follows the will of government.
@@Kannot2023 i lived in china for 8 years and its "corrupt government" has pulled 800 million out of poverty and put 700 million into the middle class made the country become the largest renewables manufacturing and user in the world not just overall but by per capita its comparable to the united states. What has indian "law abiding non-corrupt government" done in the same time span?
We love your story telling.. the winding road to topic is enjoyable too
Sekhar Gupta is an eminent journalist, remember .
I'm sick of if, he rambles on too much most of the time. He should just get to the point and topic in the title ASAP.
@@ex0duzz I'm my humble opinion you should move over to tiktok.. you'll get the 15sec content your heart desires and brain can handle...
US & India: some Corporate s are too big to fail.
China: Hold my Chow Mein😂😂
I like it 😂😂😂
Based China.
Two kinds of nuts lol
@@BruceWayne-qe7bs elaborate please because i don't see that connection.
@@BruceWayne-qe7bs only an idiot. Perhaps you don't know that a third of muslim world like america.
The world's most valuable resource is no longer oil, but data.
This is a big story that deserved decluttering, thank you. Both issues (data and edtech) have urgent relevance to India, and India will do well to study closely what and why they are doing and see if there are ideas that can be borrowed. Communist-capitalist ideological distinctions are a distraction.
smart guy girl ;)
I am scared when an Indian journalist says, "I'll get to the point"
😜
When he say's i will get to the point he means that he will never come to it)))
👌
lol...
Good details. A learning opportunity for India Ed-Tech.
Advance congratulations for your 800th episode boss. Hearty wishes to you and your team. Amazing work 👍👍👍
It's not about money, its about sending a message!!!
Yup so true, they don't care about the dollar now , they have shit ton of money now
After listening to the whole episode I feel a sense of respect for the Chinese Government who has acted in favour of overall fairness and equality instead of looking after the interests of a few super rich. I am sure that there are no vested interests involved, otherwise they would never had the courage to come down so hard on the billionaires.
people serves capital in the west. capital serve the people in socialist china.
The prior regime before Xi Jin ping bank rolled the likes of Jack Ma massive empire. Corruption was rampant and workers suffered like slaves . Neoliberalism . The tech titans got cocky at expense of common people. Few elites wielded massive power of wealth . Xi corrected this to serve the people and redistribute wealth. In USA the governments serve corporations and people suffer.
Partially right. Knowing Chinese, it may return with Communist cronies offering the same.
@@stormtroopers7949 sure you know everything about China. Just look in the mirror and who owns key Indian state own assets that were sold ? 🤣😆😂
Thanks, definitely insightful. But the other side of the story is that the Chinese are serious about taking care of their own people! Democracies seem to just let the common people take care of themselves even under circumstances beyond their control. Just see how the USA or India took care of their people during this pandemic. Pretty much people are left to fend for themselves.
I enjoy you going off the point sometimes. If it's relevant to the point, it's good to know something from your experience.
China has started the process of transitioning from Capitalistic Communist to Soviet Communist.. 😀
@King Lee It's run by egoistic a*zholes who thinks they are above everyone else.
@King Lee it’s not run by people just one person
@@jsjsjssjjs7524 its run by the party a party thats only claim to power is economic success nothing else not cultural not a good history nothing
@@neeljavia2965
Can't u digest the authors narratives? The Chinese peoples are the most valuable assets n not the Big Tech Companies. It was just a long term strategy which were unique in a way.
Have u ever imagine if one Party can just print n print money n used it to buy as much stake in your companies till it owned it? China is decoupling now I guessed.
@@wishfulguy4819 China doesn't consider their citizens as humans.
They think they are robots to be used till death then move on to someo else.
They say they are stopping edtech startups from burdening the students.
However if they really want to change that, why no reform the entire education system.
Pandit Guptaji, your tanpura strumming skills for Cut-The-Clutter concerts are absolutely legendary!
It is an education by itself. Something that we'll never find in overpriced, and stressful coaching classes.
Thanks for this very insightful information.
In the US,the big corporations control the government while in China,the government controls the big corporations.
Which system do you think is beneficial to the country?
Nobody can stop a bad idea whose time has come
'December 6th 1973, a day... that will live... in infamy'
That badi idea is edtech firms.
Bad idea was created by the british colonialists. .. And it will come to an end sooner than later
Time to do a cut the clutter on Covid situation especially in Kerala. The state is a outlier in no of cases daily compared to rest of India. Either Kerala is not hiding the facts or other states have conveniently forgotten about reporting cases
Heads I win , tails you loose .
"Either Kerala is good or other states are bad "
In essence this is what you told
Belated eid mubarak 🤭😜
Why hospitals are not crowded in other states...
There is 3rd thing
The more case state machinery shows, the more unaudited funds they get in the name of welfare
More scope for corruption
Is it not so strange. Chinese all-powerful so-called 'authoritarian' party could easily choose the path to pamper the billionaires and get a cut from them without worrying about the nation. But they chose the opposite. Whereas in so called and much-loving Indian democracy where leaders are chosen by the people (do they?), all parties have become agents of billionaires.
That's the only takeaway here?
India need more wise guy like you sir. Not to be fooled by the west anymore.
The chinese leadership , their president XI has rocks in his head. IT IS ONLY VIA FREEDOM OF THOUGHT THAT CREATIVITY CAN BE NURTURED AND PUT TO GOOD USE BY SOCIETY.
Think why the US is still the nursery for creative ideas. It takes generations for countries that have lived under some oppressed regimes to learn to use their minds for creative thinking.
Well this CHINESE NUT IS TAKING THEM BACK TO THE DARK AGES !!!
A NEW IDI AMIN IS EMERGING !!!!
The explanation of yours is the magic sorry all may not have the eye for detail
I am so glad I found this channel. The amount of thought and reasearch that goes into every video is amazing. My wife and I were talking about and watching videos about this exact thing and all the Western media and RUclipsrs are talking about the usual BS about how Communism is bad etc but no one went into detail about the "Why". You explained the why in great detail with actual data to back up the claims. Great job.
You explaining the theme is the very essence of cut the clutter! Please continue in the old format :)
To clean up your room, you need to move things around and throw things away. In the midst of cleaning up, there will be more mess but once you reorganise back after getting rid of rubbish, you have a clean and tidy room.
Thank you Sir
I know such a bold step is almost impossible in India, But personally I want this to happen
If you look around the Anglo-Saxon media rhetoric all day, you won't find the correct answer. Better, spend some time with Capital-Vol1. Lol 😆
das kapital?
@@AshikJonathan Engels's critique of political economy (1890)!
I own BABA stocks. However, I cannot blame these new regulations by the CCP as 1. They don't want businesses to dictate affairs in their country, 2. They want regulations against monopolies, to encourage competition, and 3. They want to control education/ health/ real estate costs to reduce the burden on households and encourage families to have more children to ensure future productivity. I think these are all essential measures, as have been implemented by the US at different stages, over its past 2 centuries. China just has to fast forward due to its superfast pace of growth. Very informative video. Good work @ThePrint !!!
I kept this question for the 1000th episode of CTC, but I will ask it away, anyway!
Shekhar, have you considered compiling CTC or National Interest (NI) into a book or a book series? Just a thought! I think the contents of CTC and NI could be good and quick reading materials for civil service aspirants or those who would like to know more than their field of expertise.
I have the National Interest compilation Hardcover with me!!
It's called "Anticipating India The best Of National Interest". Published in 2014 by Harper Collins.
Trillion $ loss is of American share holders
Money is in the pocket of Chinese promoters
china can scam money from investors but on a long run they will loose out ..as investors will become wary of china and money will dry up ..
The Chinese education system is the best in the world. India should learn from them how to develop our education system. An ( IITian) brother of mine who is a dean of a top American STEM university tells me: Were Indians used to dominate a generation back today Chinese students beat their classmates from all over the world hands down. If the Chinese are modifying their Education system it would be worth studying and learning from them rather than counting how much money their tech companies have lost. In China, National interest is paramount and not the interests of some businessmen indulging in making money from education like in India.
Sometimes you got to learn from your enemy. I absolutely love Chinese meritocracy system. Do away with reservation system in our country.
Say what you want, but there's no denying that the Chinese government are extremely good at planning and getting things done.
Omg I love your taanpuras ( antecodes). Makes everything interesting.
I too like them.
Shekar Gupta is the embodiment of what true journalist is. He is not biased.
I don't think Chinese are stupid.. This seems very logical to me. Specially after pandemic like this... Minimum wage for delivery guys is a good thing.. Today edu-tec are ripping people off.
They aren’t as smart as u think they are especially under their current leader.
Healthcare out of greed & real estate due to cartelisation , like in China , these r core to India's middle class never ending exploitation too.
A Notebandi style crackdown in these spheres can set modis tone for 2024. 😀.
This would just cause more harm than good.
Nationalise healthcare.
These guys do not torpedo their boat. The Chinese government is overwhelmingly driven by their goals of making China globally dominant and of improving the lot of the Chinese people. Who would not want that? A lot of money has been made in the Chinese markets over time, and a reset in valuations and expectations erases, for now, a small portion of that total amount. Ridiculous valuations everywhere globally because of zero rates and unending QE in the developed world - policy driven actions are everywhere you look. What would one not give to have an impactful and effective system in India!
"In India you need to get 101% to get into a good college" Out of all languages you choose to speak facts?🥲
Mr. Shekhar Gupta you are not only an outstanding journalist but also a very good teacher. I didn’t enjoy watching the news before but I truly enjoy watching your videos. Thank you for taking the time to educate us by presenting your facts so straightforwardly and with so much zest and enthusiasm.
Sir
Love you all from pakistan
May ALLAH give us chance to live in peace and brotherhood
Long live pakistan🇵🇰
🤝
Long live india.🇮🇳
It's a vicious cycle. They have less wages so family can afford to have only one child which the government wanted. Now they want more children but they don't want to increase wages. So majority of families can't afford to have more children. They can't work on increasing wages as their cheap products can't be manufactured with increased production costs. So they are working on signalling to people that having more children is affordable as there will be no profit making in education. We need to see if this will work or not. If it doesn't work, they'll bring compulsory two children policy in the next few years. They are good at forcing people to have number of kids which the state considers appropriate.
" China is all state, no society and India is all society, no state " -
Lant Pritchett ( Harvard Kennedy school )
India is at best a "Soft state" ie unable to take decisions or if taken, implement it ....
….even if implemented, there is no permanence
I have to say this. There are a very few journalists who make us look at the both sides of the story these days. I have to admit you are one of the very few people who are left. And no matter what anyone says about your way of reporting these stories, your way is a lot more nuanced than just talking about the headlines.
Excellent reasons. I also have one child because of cost of education, which is about 30% of my total expenditure. Second is home- that's about 40% of total expenditure. I find it impossible to have a second child.
A clasical proverb " never stop an arrogant person from committing mistakes"
they are clearly not any committing mistakes ...they calculate their nxt 30 yrs plans and work accordingly
@@mrsarcasm6885 obstruction of innovative ideas are generlly considered as mistake when they don't have negative impact, yes definitely they have clear intentions regarding online education, only time can say whether it's a blunder or good intention
As if indians even know whats good for them ...
You are absolutely correct. Unlike democratic countries there is so much of inequality among the people's.
Just on the attack of edutech companies, China's aim is to give everyone the chance to further education. In India like Malaysia, education has become too expensive. China wants education to be affordable to everyone.
In doing this, families will start having more than one child.
In the same owning homes & housing will also become affordable for everyone.
I don't consider China a Communist country like what the US wants us to believe. They are socialist incorporating the age old Chinese ideals.
Malaysia, India and all the democratic countries can learn something from China.
They want a better life for their citizens. Not like our governments where the richer become richer.
I live in a country where we are living with Malaysians who are of Chinese descent and I know how they apply there Chinese ideals in their life.Almost all the democracies in the world including India have no first hand knowledge of how the Chinese thinks.
Cheers, George Das
I'm for liberal democracy in India (pragmatically, no party can manage such ruthless efficiency) but it's very interesting to see what's happening in China
India has all the solutions in its ancient wisdom but they have no confidence in their own wisdom
@@together1882 no
UPSC exam market has totally destroyed the equal competition among the aspirants. Ed-tech has just made it worse. Despite the potential of technology to reach higher scales at a lower cost, the net cost of digital coaching has increased over the time, now it's more than the person-to-person tutoring. There can be a case-study on this, how economies of scale in ed-tech business led to higher cost to consumers.
Cutting directly to the information may give us more information but it loses the flavour.
And *What is a Biryani's worth without a Sweet&Salty Raita?* 😀
SG, Your circuitous way of coming to the point is the most amazing part of your journalism. Please don't get rid of it completely. You can do a "straight to the point" episode every now and then but please don't discontinue the previous style. It is what keeps us going in this era of news from Twitter (in 280 characters).
Cutting the Tanpura, hahahaha 😂😂. Love your humour sir. Big fan
Wonderful analysis. It seems that Chinese leadership tries to truly and deeply understand the dynamics of Chinese socioeconomic system, the needs of the society and acts accordingly to protect their national interest. It has both good and bad sides. Only the future will reveal the real impact of these actions on both Chinese national and international level. We must understand that nothing is foolproof in this world. Last time I had been to Chinese city of Guangzhou in 2017. I had a talk with an Indian restaurant manager. He told me that doing business, in those days, in China by foreigner was trouble free so long as one followed the local rules and regulations. No need to bribe the local officials.
You don't have to take everything seriously! 95% of your subscribers like your storytelling. It's like some old, wise dada telling life stories. Content is okay otherwise, you can just tell four lines if you wish. Four meaningful lines to smajdar jinko ishara kafi hai.
Excellent reasoning and deductions.
this is fresh perspective. Wion is so plain vanilla.. palki needs to level up
Shekhar Gupta: Gao Cow
Yogi: has entered chat.
I hope our politicians don't imitate similar policies back home in here. These would be disastrous in the long term
Education should noy be controlled by capitalist
How
Shekarji. Namashkar,
Brilliantly connected narration. But what really is mind blowing is the price China wants to stake to be the boss for the next 50 yrs.
And that our colonial hangover is still intact is pathetic. When will the Indian education wake up. Am an architect for the last 30 yrs and the stuff that they teach in all those revered schools of architecture is extremely insulting to say the least. And add to that the type of honour that is bestowed ONLY to those people who toe the line of the west in this field is again shameful. Absolutely no point in just complaining about this, we will have to figure out how a good business model of Education that STAYS INDIAN or Bhartiya.
True.. It’s not making the MARKET happy but surely makes the PEOPLE happy.. That’s what matters at the end.. 👏👏👏👏
Not really making the people happy, in long run one child policy made Chinese family one of the least social in the world. Imagine having no Aunt, Aunty, no cousins and obviously not brother and sister. When u give people freedom to choose, you make people powerful. In China, people don't even have the power to learn what they want to learn now, let that sink in.
@@abhinavabhi9878 The discussion here is about China’s take on Edutech Industry .. not it’s one child policy
@@srinusuperwiz9507 "When you give people freedom to choose, you make people powerful"
Sometimes it feels like autocracies have more incentives for public welfare than democracies which take it for granted... 😂
In present scenario, with Olympics going on, The Print as well is setting new records in quality of content.
Limited resources will definitely give rise to unequal competition. China and India both are facing brunt of their humongous population.
They should try to regulate in India as well. Well, not that brutally :)
SG sir, just because they have a reason to take these steps, does not mean it is rational. It is policies like these that kill innovation and entrepreneurship. A lot of foreign entities had invested in China sensing its potential which drove its rapid growth. All of that progress will go down the drain and the same foreign entities will now look for alternatives - which may indirectly benefit India.
Even though I don't like CCP, I fully endorse their policy to regulate their edtech. This is highly needed in India as well. Companies like Byju's and Whitehar Jr. are increasing their valuation by devaluing children's morale. The virtual pressure and and unrealistic hype Byju's create is pathological - they have taken profiteering in education to another level at the cost of poor kids. Not all kids are Einsteins. Promising false hopes by swindling money is a crime
U r right. They think and act. I can very well imagine the pressure on parents to send their children to big schools, infact in India its a matter of pride to send children im expensive schools. This is nonsense , everybody should have a right to get equal education, nobody should be treated above or below atleast not childrens. These kind of laws should be there in India as well so that companies like buyjus should not suck money out of parents.
SG sir please don't do this, you come to the point eventually but before that you cover all the points and that's why it's so lovely hearing you and all doubts are cleared with lots of your old stories and the topics is crystal clear..🥲
I like stopping this mad edu tech. India should also do it
Hey guys, I'm from China. Let's just put the capital issue away. From an ordinary student perspective, it definitely a VERY GOOD thing. In China, students get up starting *study* around 5:30-6:00 and go to bed at around 10:00-11:00 PM, with merely 2 hours to rest. In Saturday and Sunday, students need to go to this so-call education companies to get extra class, only because if you do so, you won't be left behind by other student, CCP is also knowing that they are making “Robot of Study” and turning students into fools.
The competition between children trying to go to a good high school and a good university is quite difficult
China is waking up to the fact that data is the new gold and it needs explicit rules to govern how it is accumulated and shared.
China is in the process of implementing new regulations in three key areas: to restrain monopolies, govern fintech firms (some of which are accused of acting like unregulated banks) and protect data privacy. The Cybersecurity Law (enacted in 2017); the Data Security Law (already released and comes into effect in September), and the Personal Information Protection Law, which just underwent its second draft and is expected by the year’s end, are the result of this effort.
Only kundra got the eccence of Modi's digital India, made in India and start up India. 😱 😱 😱
Wasn't it in UK
Very true he was all make in India
Amazon and Facebook should be subject to such restrictions. Especially Amazon.
Would love to see your take on the "resolving inequality" theme highlighted here. And not to compare just with China but also western Europe and Scandinavia. If only systems in India provided assurance of free but quality universal healthcare + education + pension benefits, one would happily pay high taxes+social security like we do elsewhere.
Then I would just sit at home enjoying all the facilities government gave me.
@@Achintyanath surprisingly, all countries who have managed to done this have achieved more productive citizens who are willing to innovate and pursue goals in life without any fear
@@xtinxn That is because taking free stuff from the government is seen as a bad thing in their societies.
@@Achintyanath actually, to the contrary, i have found people in these societies hold their government accountable for giving them free benefits.
@@xtinxn You need to gain more experience of those societies then.
SG- Nice analysis. But if you think like a chinese , my reasoning for these steps would be far reaching . They want to showcase to the world that american or Indian democracy doesnt do much good for their people in the long run. Look at the inequality on everything from food cloth home amenities etc. If their population is satisfied with the above then they are projecting a strong soft power in the name of communism. Imagine a commoner in India or Africa and ask him would he be ok if some of basic rights are given up for better facilities. You know the obvious answer. China in the long run want to dominate the world with their or ideology and democracy stands in its way...Hope this makes sense
in india edtech has been a business ever since the colonial education was brought here . now its digital only earlier it was analogue .
Gupta Ji, I used to be a fan of your CTC and even thought of becoming a contributing member for your channel. And then the 2nd wave of COVID came, which brought some skewed opinions from you (according to my humble opinion). I lost interest in your CTC and National Interest.... Then I saw this episode of CTC, thinking what damage can Gupta Ji do with his opinions on this topic - it is not about NDA Govt but about China. Also, who doesn't want hear about the grand plans of the Chinese that have sledgehammer effect?
Gupta Ji, you have analysed and articulated the topic brilliantly. You did cut through the clutter and shine light on the core of this matter. DHANYAVADAGULU
Xi jing ping is also dressing up like Mao these days. I think they might go back to the years of famines and wars
I for one support cracking the whip on EdTech firms.....GOI must share a page from China on this matter....aggressive marketing of irrelevant courses for kinder garden kids by these Ed Tech companies, & blatantly trapping young parents into thinking they are not caring for their kids if they don't spend 10s of thousands of rupees on their courses is criminal
Chinese think of LONG TERM and for HOLISTIC Approach. They look for collective improvement rather than individual enrichment.☺️
INDia is totally opposite. It is INDividualist country. Everyone is for their own. Not for country or community!🤪
xing must have one hell of a team of economists and experts of his side to take such risky and bold moves.
It was thought out years ago most likely
They have 100 million party members thats insane.
I like your videos. Informative.No rhetoric.
Just pure information.
Thanks a lot.
I waited till last to just hear the most important point you missed. China does not want any alternative education and this is going to the most important survival point for the communist party. I think that is the only point.
Exactly.
People are going gaga over this steps as if they are for the betterment of their citizens.
Whereas the main reason is nothing but more control over data and the education imparted.
Basically it's action reaction. 1st eliminate babies than harvest babies. There is no other way to put it. Pity human beings are just commodities . No pun intended.
Yea thats why india leads child labor and world slavery index
Mr. Gupta your CTC is a gem that we all wait for. Your narration is mercerising and most of us absolutely love
Communism proper communism not hypocrisy is what India need at this moment. 🎈
Sir, My honest opinion. Plz do not reduce the time. Every minute...the information you pass to us is great. Plz continue with your good work
Why would someone waste a torpedo on destroying a boat? Out of all metaphors, this? 😂
This is why China and its neighbours will benefit greatly from an open society and democracy in the long run
well we have the world's largest "democracy" India, and the world's largest socialist state China - which do you think is doing better?
Love china for its policies , technologically they are superior , still they give importance to rest and family time. Here in India , companies like Bjyu , vedantu can't produce a single technological invention , looting people of lakhs in the name of IIT , IIM and IAS.
Hey how are they looting ?? Dont buy for your kids if you dont like these
Brilliant explanation of possible rationale of CCP, n comparing the state of heath n education systems in India..i grudgingly admire thier intentions
Excellent discussion SGji. Very illuminating.