The recent development of the "International Students Economy" is a major feature in the US' path to economic recovery, according to New York city mayor Michael Bloomberg.
Bloomberg made the remarks at the graduation ceremony held on June 16 in Stanford University, that the immigrant-based economy has become a new driving force in the US' economic recovery.
He also calls for a change of government policy on immigration. He even suggests that every student who studies science, technology, mathematics or engineering should receive a green card when he gets the diploma.
The latest statistics show that foreign students contribute over 20 billion dollars to the US economy every year, while Chinese students make up 4.4 billion.
The annual expense of a Chinese student in the US can easily provide for a normal American family, according to research.
The daily expense of a Chinese foreign student reaches an average of 1500 US dollars per month. With the addition of the tuition fee, their annual contribution to the US economy is at least 50,000 US dollars.
A total of 1.5 million yuan has to be put in the budget for four years of study in the US, including 200,000 yuan for pre-enrollment preparation and 1.2 million for the tuition.
A normal American family makes 20,189 US dollars a year according to the income survey of the forth season in 2011, published in April, 2012.
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