From Bloomberg:
In the three years since receiving his engineering degree in Shanghai, Jason Zhang has switched jobs twice and quintupled his salary as overseas companies scour China for professional workers.
“If you have language skills, if you have technical skills, it’s very easy to find a job,” says Zhang, 26, who speaks fluent English and now writes software for International Business Machines Corp. “There are more jobs than even two years ago because of the outsourcing from Europe and the U.S.”
Employers such as General Electric Co., Freshfields Bruckhaus Deringer and Ernst & Young LLP are struggling to find engineers, lawyers and accountants as Chinese universities fail to turn out qualified professionals, especially those who speak English. The shortage is threatening expansion plans and driving up salaries in the world’s fastest-growing major economy. [Full Text]
