The Central Committee of the Chinese Communist Party and State Council recently issued the “National Mid to Long Term Talent Development Plan (2010-2020).” The plan outlined a “Thousand People Plan” to attract 2,000 talented top-level overseas people to China for innovation or business in 5-10 years. A series of policies were created to support the talent plan, including offering preferential treatment on immigration and permanent residence, tax, insurance, housing, kids education, and spousal work arrangements, appointments to high-level leadership positions, assignments to important research projects, involvment in setting national standards, setting up government awards, establishing an overseas top talent database and a talent demand posting platform, and so on.
“Getting technology is better than getting foreign investments; getting talent is better than getting technology.” To change its economic development model, China must develop its strategic industries. Therefore, developing talent and bringing talent from overseas has become very critical.
Source: Xinhua, June 7, 2010