Taiwan Fears Braindrain As Professionals Head For Rival China – AFP

The mainland-bound Tawian talent exodus story resurfaces, and this time not only for economic reasons. Via TODAYonline:

…According to 104 Corporation, a leading Taiwanese jobs website, some 15,000 people — or 6 percent of those posting their resumes — were exploring prospects in China in December. “The applicants wish to position themselves in the huge, growing market. Those with experience look for career advancement and fresh graduates hope to develop their potential there,” said Max Fang, public relations manager of the 104 Corporation.

A sluggish domestic economy coupled with political animosity between the pro-independence ruling Democratic Progressive Party (DPP) and the opposition have accelerated the exodus of industries to China, now Taiwan’s leading overseas investment destination. [Full Text]

See an opposite, and perhaps overly optimistic, view in the Taiwan Journal editorial: “China is paradise lost for Taiwanese investors.”

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