China striving to attract global talent and turn tide of top students leaving
Print Edition
CHINA is working vigorously to transform itself into a magnet for talented individuals from around the world.
An official report revealed that in 2013, about 354,000 Chinese overseas students returned to China after graduation — up 29.5 percent year on year. In about five years, it is estimated that China will experience a turning point in terms of talent flow, from a regular exodus of students to an influx of graduates.
As modernization and informationization advances, the power of talent has become a major factor in the economy, science, technology, and all-round national strength. China’s development pattern now relies less on capital investment and exports and more on innovation. And innovation needs a well-stocked pool of talent.
Since the launch of the recruitment program for global experts six years ago, also known as the “Thousand Talents” program, a total of 4,180 foreign experts in various fields have come to China.
China has unique advantages in attracting talent. Rapid development always provides considerable opportunities for capable people. China has shown good faith in overseas talent and offers favorable conditions in terms of medicare, insurance, housing and taxation to people who can help in the country’s development, but as the global scramble for talent intensifies, developed countries still have their attractions.
China’s brain drain is still grave: more than 80 percent of top Chinese scientists and engineers are not in China.
The country clearly needs better policies in this regard. In addition to attracting talent from abroad, equal, if not greater, emphasis should be placed on fostering domestic expertise.
China is also considering relaxing its “green card” policy by lowering the application and approval threshold, according to the Organizational Department of the Central Committee of the Communist Party of China.
Under the system launched in 2004, the foreign family members of Chinese nationals and foreign people who have worked as elite talent or made large investments (at least US$500,000), among others, can apply for permanent residence cards.
Nearly 5,000 foreigners had been granted Chinese green cards by 2012, according to media reports.
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