As long as the music keeps playing I will keep dancing. Currency collapse is a fear all over the world. I save in Gold, Silver, & Bitcoin. When the sh*t does hit the fan I can fly to the least screwed up place and live for awhile.

Honestly though I think day to day life in China won't be affected to much by a currency collapse.

If the economy goes south the competition for jobs becomes even higher. English language skills becomes even more important (export trade, jobs with multinationals which pays a lot more). In fact, the worse the economy the more ESL teacher can charge. If ESL teachers unite, they probably can charge 2X the salary they're earning, 3X isn't a dream.

Why? When it comes to money, haven't you heard that mainlanders are the Jews of the East (i.e. shrewd business people)? You moan about the price of your meal as you get ripped off, are you learning? Still haven't figured out what you are dealing with?

I love talking economics, especially labor economics for some reason.

Without knowing a ton about the industry specifics but trying to think it through, If you're working strictly at public universities it probably won't change anything. China would still need english teachers at the universities. Dont see much reason for that to change and as long as the salary paid in RMB theres no reason the money wouldn't be there to fund it.

I can see a drop in disposable income though making the private language school market a lot tighter though. Fewer students able to pay for private lessons. Obviously they wouldn't all go away, but the days of just being able to walk up to one of those places and get hired full time on the spot would probably be over. Places like EF in nice cities could prolly start asking for Masters degrees cause those jobs would get really competitive.

So what I think would happen on the ground is that the people that are dead set on teaching in China for whatever reason could still do as long as they are natives with degrees but would probably have to start moving out from the big cities to the smaller ones, getting jobs at public facilities out there because the private gigs in big cities would be much harder to get.

Like somebody who isn't going to be taken seriously for a job at FuDa or Tsinghua or other downtown schools in big cities instead of working at a DIsney or EF type place would have to go and work at Anhui State or Henan A&M instead of just hanging around working in Shanghai or Guangzhou.

Think it would kinda give some of the more mobile people a kick in the ass to head home. I still see every native speaker with a degree able get a job teaching in China but the quality of the jobs would go way down. It's easy to hang around in China year after year when you're working in a cushy air conditioned language mill in downtown shenzhen and then going and grabbing a couple drinks with your friends at coco park and taking the subway to a modern downtown home. That’s not a terrible way to live.

But would that person feel the same way about making less than half as much working in the 5th largest city in Henan or something? A place with no western bars, no subway no western food, limited social network of expats. Living in some shitty old apartment the school gives you and complaining about it like icnif77. Nothing else to do really. The jobs might still be there like I said if you’re dead set on working in China, but the quality of life is gonna be totally different.

The CCP won't let China slip into full recession. Their hold on power and their popularity are dependent on China's economic success. If they don't have that then they have nothing. Icnif is right (gasp!). You can't have mega growth year after year. Eventually things had to slow down and that time has come.

Sounds like the OP better go home.

The China bubble is bursting now (not will burst). She has outgrown the export market model and but is unable to proceed because she lacks the talent necessary to innovate. It will be awhile before China can compete with an open International market. What does this mean for expats? It means China will continue to need foreign expertise until she catches up with the rest of the world. These people won't be learning to think creatively from their own teachers. It will take another generation and an education system overhaul.

Now whether or not the government will react to meet the need is another issue altogether. The CCP is in self-preservation mode. Who knows what they will do next.

Source: Bureau of Economic Analysis (BEA), International Monetary Fund (IMF), Bawerk.net

Global “dollar” issuance looks like genuine demand based on prior production but it is not. Export powerhouses fall into the trap and think the domestic boom they are living through is because they are exceptional. Old socialist are celebrating the fact that alternative growth “models” can outpace freer societies in the west, but these are often nothing more than pragmatic command economies with little ability to change in times of hardship. Just as Japan thought they could go back to pre-Plaza Accord growth rates by holding on to the old ways in the 1990s, the Chinese will expect the growth miracle to return in 2016 with the “right” policies. It will not. China is heading straight into a zero growth environment, and will be mired there for years to come.

Dream on, gatostupido. Oh and high prices in Shanghai and an overvalued stock market bought on margin: Not related. no cause n effect. sorry, dumbass. Your not actually that ignorant, are you? Just want to get a reaction, right?

there are so many reasons this has no effect on foreignery peoples teachering english...

What a moron. seriously

The bubble is not burning actual value : those stocks going down went up mostly with *borrowed* money. It's just overvalued stocks returning close to their actual value. Price trends are not going to change much. Ok, those people who gambled on the stock market lost their savings, which is especially painful in a country with so little social safety net.

Foreign teachers in China are their because there's a demand, there's a market : their job is not some kind of charity given to them. More than ever, education is perceived as one of the factor for a kid's future, so that market isn't going away. Maybe the margin of the school boss might suffer in the long run, and that's it. Ho, and you can eat well and cheap in Shanghai, you're doing it wrong ^^