Chinese Firms Hungry for Talent – Olivia Chung

From Asia Time:

In the 1980s and most of the 1990s, almost all talented Chinese students wanted to study abroad. And those who were lucky enough to be able to study in advanced countries such as the United States or Japan would make every effort to remain there after graduation, reluctant to return to China.

But times have changed. Because of rapid economic development, living and working conditions have dramatically improved in China. In recent years, more and more Chinese citizens studying overseas are returning home to work or start their own businesses.

An increasing number of multinational corporations have set up operations in China, providing job opportunities for returned overseas Chinese students. Although multinationals have helped to lure back and retain domestic talent, they also pose great challenges to domestic companies and research institutes. [Full Text]

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