Tuesday, November 26, 2002
Chinese government has launched an aggressive program to win back some of the country's tech talent from the economically stressed Silicon Valley.
"We think some Chinese engineers will go back to China because they have been laid off here and have no jobs," said Wang Yunxiang, China's consul general in San Francisco. "In comparison, the overall situation in China is very good."
Since 1979, when the late leader Deng Xiaoping broke with China's isolationist policy, more than 400,000 mainland Chinese students have traveled abroad for graduate study. Only a relatively small number, estimated at 10% to 25%, have returned home.
Many ended up settling in the Silicon Valley, where they own start-up tech businesses or work as integrated circuit design engineers in many of the region's most successful companies.
But the downturn in the U.S. high-tech industry, along with a booming market in China, has renewed hopes that some of these engineers may be ready to return.
A returning engineer with several years' experience in America can expect free housing, a car and driver, and other perks not available in the United States. Foreign science and technology degrees convey high social status on returning engineers.
By: DocMemory
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