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How China Benefits from Its Talent Loss

On June 18, 2015, DWNEWS published an article titled, “Talent Loss Is Good for China.” According to the article, the total number of Chinese students who studied abroad from 1978 to 2010 reached 1.9 million. Of that number, only 0.63 million students returned to China. Some people think that China’s emigration phenomenon (including rich people’s investment emigration) reflects Chinese elites’ lack of confidence in China’s existing system. They vote with their feet. However, the writer of the article believes that this interpretation is an exaggeration. He listed three benefits resulting from the loss of talent. 

The first benefit is the remittances. In 2007, China’s overseas remittances were as high as $32 billion. Second is the free training. Developed countries have invested huge amounts in scholarships to educate and train these Chinese students. Finally is the cooperation. From 2001 to 2005, a number of the published papers involved the joint work done through cooperation between the Chinese scientists and American scholars. Of those papers, 70 percent involved overseas Chinese scholars’ work. 

The article suggested that China actively take advantage of the overseas talent pool so as to catch up and exceed the developed countries by making use of their advanced knowledge and technology.

Source: DWNEWS, June 18, 2015