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More Chinese Return Home The number of US-educated Chinese professionals and entrepreneurs returning to China is quickly accelerating, according to a recent article in the Washington Post. An increasing number of Chinese are "returning to China to work and launch business ventures," said the newspaper. As China opens its economy to the world, US-educated Chinese are expected to contribute greatly to the East Asian nation's growth and development, according to experts. Returnees are finding their US education establishes them on a fast track to senior management positions. As reported in our February issue, the Chinese government is taking a number of measures to make it more attractive for students to study abroad - and to return home upon graduation. The East Asian country hopes to attract more Chinese-speaking professionals familiar with the international rules related to economic globalization. "The role the US education system has played since 1978 has been phenomenal," David Shambaugh was quoted as saying. (He is a China specialist at George Washington University and the Brookings Institution.) "We are having a significant impact on China's reforms and modernization. That impact is only going to be felt more in the next two or three decades as more return in very large numbers." China-Born Professionals Discuss Opportunities This opinion was confirmed in a recent US-China business conference held in Reston, Virginia. Hundreds of Washington-based Chinese scientists, engineers and business professionals gathered to address opportunities caused by China's acceptance into the World Trade Organization on Dec. 11, 2001. Just as China has become the world's factory for toys, clothes and electronics, many scientists believe the nation could be an effective research location for areas such as biological products, cell therapy, tissue-engineering and genetic analysis. Several China-born professionals were quoted as saying they now believe they might advance further in their career by returning home. In addition to tax breaks and other lucrative offerings, many felt they would benefit from tapping into social networks and speaking their native language.
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