“…Studies find that reductions in state appropriations have led to increases in international undergraduates at public universities (Bound et al, 2020), and China's trade liberalization is an important factor for driving Chinese student expansion in the US (Khanna et al, 2020). In addition, while international undergraduates subsidize in-state students and lead to an increase in domestic college graduates (Chen, 2021), they push domestic students from STEM majors to high-income social science majors (Anelli et al, 2020). Lastly, Chen (2019) finds that US-educated Chinese students face more labor market challenges than Chinese-educated when they return home.…”