ã€World Wide Web Reporter Lindi】 A few days ago, The Business Times reported that Mr. Wang Yi, who graduated from Princeton University and worked at Google, told his wife that he wanted to return to China one day in 2011. He is bored with the position of the search giant's product manager and hopes to return to business.
Foreign media indicated that Wang Yi’s decision symbolizes an unprecedented trend. The Chinese talent trained by the United States is becoming a key force in promoting the global expansion of Chinese companies and leading the next generation of artificial intelligence and machine learning technologies. Many people today have gained career development opportunities in China, and the Chinese government has also provided financial incentives for cutting-edge research.
Ken Qi, the headhunter and technical leader of Spencer Stuart, said: “More and more people are shifting because China is really developing in the field of innovation. And, this is only the beginning.â€
The reporter of the Global Network Technology learned from the homepage of the National Development and Reform Commission of China that, according to official statistics, the compound annual growth rate of overseas students in China will reach 14.2% in 2007-2016. At the same time, due to the increasing difficulty of overseas immigration and obtaining work visas and the frequent return of preferential policies, the return rate of international students has also increased year by year. In 2016, the return rate of overseas talents in China reached 79.4%, an increase of 48 percentage points from a decade ago.
Different from the past, this year, the Internet technology industry has become the first choice for returnees. The education and training industry and the financial industry have the largest demand for overseas returnees, and the supply of talents is in short supply. Although the average expected salary for the first job of the returnees was RMB 8,315, the actual salary was RMB 7,306. The entrepreneurship of returnees has become younger. Nearly 70% of entrepreneurs are under the age of 30 and concentrate on education, training, e-commerce, and life services.
Lockin China, the exclusive development platform for overseas talents, and the global prestigious China Professional Development Alliance (GUCCU) released the 2017 Overseas Talent Employment Analysis Report. Statistics show that the number of returnees in 2017 is expected to exceed 600,000, and this number will obviously exceed the total number of students studying abroad this year.
What are the reasons for the growing number of returnees?
According to the report, 54.8% of the returnees mainly focused on the domestic economic situation, and more than 40% believed that families and friends are in the country. Therefore, they chose to return to the country. However, another crucial factor is that the immigration policies in the United States, the United Kingdom, and Australia have tightened and it is difficult for foreign students to stay in the study abroad countries after they graduate; however, students in the United States, the United Kingdom, and Australia account for more than 56%, resulting in A large number of overseas students returned to China.
What are the industries that the returnees expect to enter?
Data shows that returnees are still keen to learn business, management, and finance and economics. Engineering and computer technology are also the major choices for international students.
However, for the enterprises, the expectation of the industries and returnees who need the most returnees is different. According to the report, the industries that most need returnees are not the financial industry but the manufacturing industry. 13.6% of the companies in the manufacturing industry have expressed the need for returnees; followed by the materials science and internet industries, 12.5% ​​and 12% of the companies have expressed their own share. Positions are more inclined to recruit overseas returnees; only 7.2% of companies in the financial industry expressed a strong demand for returnees.
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