China Draws Skilled Chinese Back Home

With the U.S. and the rest of the world in the midst of a financial crisis, Chinese expatriates are beginning to return home to find work, the Los Angeles Times reports:

The Chinese government is counting on people like Jia — nicknamed “” because they journeyed across the ocean and then came back — to help retool its economy and find paths to expansion beyond the cheap exports on which the country has relied for so many years.

Late last year, the government launched an aggressive campaign to lure them back and is spending millions to entice accomplished investors, bankers, researchers and engineers to come home.

During a 10-day series of job fairs in December, Chinese banks, universities and government agencies interviewed more than 4,400 people in London, Chicago and New York.

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