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China plans to offer star salaries and preferential
treatment to stem the brain drain that has proved one of the
most formidable challenges to the economy over the past two
decades.The increased competition that entry into the World Trade
Organization will bring puts the government under even more
pressure to lure back Chinese studying at foreign
universities, the China Daily reported.
The good news was that the slowing world economy may make it
easier to persuade talented young people to return to China
upon graduation, the paper said, citing Minister of
Personnel Zhang Xuezhong.
"China ought to seize the opportunity to encourage more
overseas Chinese with genuine ability and learning to come
back and run high-tech enterprises," Zhang said.
China has so far not been very successful in attracting well
-educated people after they completed their studies.
About 400,000 Chinese have studied abroad since 1978, and
only 130,000 have returned, according to official statistics
.Apart from above-average salaries, China also plans to lure
talented people with preferential treatment such as free
entry and exit to and from China, and better service for
those who want to set up their own companies.
The government also intends to create more positions for
post-doctoral research at universities and research
institutes throughout the country, the paper said.
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