Foreign Talents and Economic Development of China

Because of the potential power and rapid economic development, China currently not only has been one of the world’s top exporters, but also endeavors to attract a lot of foreign investments and talents. Beside, currently more and more Taiwanese have jobs in China. Under these circumstances, what I want to research is to explore how China government attracts foreign talents for assisting its economic development. Compared with other seven countries, the issue of attracting foreign talents for China would be new so that I decided to choose several represent countries from North America, Europe, and Asia regions for having further exploration on how different countries attract foreign talents to assist their countries’ economic development. The study found the contribution of most foreign talents in China would focus on the main five industries—electronic information, biomedicine, advanced manufacturing, new materials’ field, resource and environment, and emerging saving and new energies. Rapid economic development has caused the urgent talents’ need in China. In this regard, both of China central and local governments have been triggered on developing and coordinating more comprehensive policies of attracting foreign talents than before. Due to national economic development goals, especially in high-skilled and high-end industries, to attract international student and to relax immigration regulation have been the important tools of attracting and retaining foreign talents. However, what suggestion the study would like to give is that the government should notice the unbalanced incentives provided between foreign and domestic talents. Otherwise, the government may play as a role of forcing domestic talents creating their careers overseas