Teaching Comparative Government and Politics

Tuesday, April 10, 2018

Bring 'em back

China encourages students to study in the USA and Europe. The big problem is that many of those students don't come back to China. The State Council has said they want to encourage more young people to return. What incentives ae they offering?

This report comes from Xinhua, the Chinese news agency.

China will intensify efforts to encourage return of overseas talent
China will roll out more incentives for overseas Chinese students to return for starting their own businesses and making innovation, a State Council executive meeting chaired by Premier Li Keqiang decided…

Measures will be introduced to simplify the certification requirements and procedures at local levels and to make it easier for overseas Chinese students to obtain hukou, the government system of household registration for urban residency. Favorable policies concerning the schooling of returnees' children will be implemented without delay, according to a decision at the meeting…

Between 1978 and 2017, 83.73 percent of overseas Chinese students, totaling 3.132 million, had come back after completing their studies, according to the Ministry of Education…

There are now 351 entrepreneurship parks nationwide, home to more than 23,000 companies and attracting 86,000 overseas returnees.

According to the decision at the meeting, favorable policies will be adopted to incentivize their entrepreneurship, including intellectual property-backed loans for start-up financing, simpler process for trademark registration, optimized application procedures for export qualification and support for the commercialization of R&D findings…

"Given the changing international environment, we must facilitate two-way flow of talent to provide strong intellectual support to our country's development," Li said.

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