Pulitzer Center report indicates China’s attempt to lure back its intellectual capital to fuel its economic development in future

Looks like China has realized the relevance of their intellectual capital off late and now is going leaps and bounds to bring them back. According to the recent report by “Pulitzer Center On Crisis Reporting” many critical insights have been surfaced.

China is giving this strategy of luring back its brain drain into the country once more by assigning it the status of critical importance in National Policy. China believes that this strategy could help them gain much needed knowledge resources to aid in technological advancements and further ensure strong economic growth for the nation as a whole.

David Zweig who is writing a book on the return of intellectual professionals back after spending a considerable amount of time abroad, working and growing there. David Zweig works as a professor at Hong Kong University of Science and Technology, while speaking on his book, he says, “The leadership is very, very aggressive on this – very proactive,” and “The Chinese government has been the most assertive government in the world in introducing policies targeted at triggering a reverse brain drain.”

In order to address the issue effectively, Beijing needs to balance out many aspects contributing to the trend. For one, Chinese students form part of overseas students at 14% out of the number of students going abroad in order to study, as reported by Beijing based think tank, Center for China and Globalization. In case of overseas students reaching United States for higher studies, the proportion of Chinese students landing in US is a significant 22%.

This trend of students going abroad for studies was encouraged by receiving insistence from Deng Xiaoping in 1978 and till recently China has exported about a 1.5mn strong student population abroad. Figures from Ministry of Education depict that 186,000 professionals have returned back, which is ahead by 40% than the number of professionals that returned in 2010.

Different reasons are stated by different intellectuals regarding their return but one reason that is repeatedly heard by officials is that the ongoing economic activity in China propelled these people towards China in search of a better future here.

Steven Bai, which was quoted by the Pulitzer Centre to demonstrate the shift in professionals’ opinion regarding China, Steven completed his masters in Information Technology from Australia but didn’t get the kind of Job that he desired for. Then he decided to come back China, taking his cues from the reports of economic development achieved by China. After coming back, he got a Lenovo and is hopeful about his career growth based on the opportunities available in China for career growth.

Source: Pulitzer Center On Crisis Reporting

Photos: Chinadaily, studyabroaddomain, globalstrategicassociates

Published by Bhavesh Kumar

A multi-talented professional with diverse experience spanning across Advanced statistical analysis,Python programming with NumPy, pandas, matplotlib, Seaborn, Tableau, Machine Learning with stats models and scikit-learn, Deep learning with TensorFlow, journalism (digital and broadcast), management consultancy and documentary filmmaking. Worked for the leading international news agencies on feature stories, videography, scripting, programming and editing broadcast news. A creative and analytical mindset focused on executing new-age strategic communication initiatives with all its corresponding elements (clear and coherently written key messages, marketing strategy and predictive analytics) to ensure effective target audience impressions. Also, worked on several primary and secondary market research projects (Market Feasibility Study) for businesses looking for actionable insights.

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