China’s Worldwide Talent Search

This from a recent article by Vivek  Wadhwa in the Washington Post:

Chinese research labs have long had difficulty recruiting qualified workers to perform necessary research and development, and its corporations struggle to find competent managers. The situation will likely get worse as China’s high-tech industries grow and it increases its national R&D spending from the present 1.62 percent of GDP, according to the Chinese government, to the planned 2.5 percent by 2020. China’s President Hu Jintao, in May 2010, declared talent development a national priority in order to fill the void. The goal is to dramatically increase the education level of China’s workforce and to build an innovation economy.

China has launched several high-priority programs to encourage skilled Chinese to return home — all in an effort to meet the country’s pressing talent demands. One of these programs is the “Thousand Foreign Talents Program.” The program’s goal is to bring 2,000 experienced engineers, scientists, and other experts of Chinese origin back from the West. The government also announced that it aims to cultivate 100 “strategic entrepreneurs” who can lead Chinese firms getting into the ranks of the world’s top 500 companies.

You can read the full story here.

Tags: , , , , , ,