Let's see now, we get millions of talented men and women from all over the world to innovate and invent lots of goodies, a trickle of which goes back to their source nations. Humm... is that a good or bad deal for us... let me see... let me see... we get a huge pile, and they get a handful... is that a good deal for us...
China is ahead of everyone else in supercomputing. Congrats! Kudos! Love the competition! The rest of the world would just have to learn from the Chinese and do better.
Actually 40% of socalled Chinese student are returning back to China considering large body of Chinese student in US that is still a large number
Plus China record of attracting talent is not too bad definitely better than Japan
China and India are getting ahead of Japan in two key competitiveness indicators – the ability to attract and retain talent.
That’s one of the key findings of the 2016-17 International Competitiveness report (World Economic Forum), which ranks China 22 and India 23 in the capacity to attract talent – well ahead of Japan, which ranks 77. Also, China and India rank ahead of Japan in the capacity to retain talent—see table.
Country Capacity to attract talent Capacity to retain talent
Japan 77 38
China 23 33
India 22 32
Source: World Economic Forum
There are a couple of good explanations for that. First, talent is highly mobile. And it goes where growth and opportunity is. In the last couple of decades, China and India have been growing at near double-digit rates, while Japan has been floundering in the swamp of stagnation.
In addition, China has been heavily investing in attracting foreign talent to upgrade its universities, which have been gaining in world ranks in recent reviews.
At the same time, China is home of companies like Alibaba, Tencent, and Lenovo, which are expanding their presence in global market
The problem is that Japan isn’t prepared to provide what foreign talent needs — a career.
For a simple reason: The lack of the right “regime,” the socioeconomic conditions and cultural mindset that will allow talented individuals to develop and advance a career, which makes it an unpopular destination for talent vis-à-vis competing international destinations.
At least, that’s what many commentators pointed to in response to a previous piece I posted here.
To be fair, Japan is a developed country and China and India are emerging economies. And Japan is still well ahead of India and China in innovation, another key competitiveness metric, churning out top class products.But with its talent pool shrinking, it will become increasingly difficult to fend off competition from up and coming competitors from China and India.
That’s bad news for those investors who bet that Japan will rise again.
Both the number of Chinese students heading overseas to study and the number of those returning to China after finishing their studies abroad have increased in comparison with the year before, the Ministry of Education said on Tuesday.
According to statistics released on the ministry's website, a total of 523,700 Chinese students went overseas to study in 2015, marking a 14 percent year-on-year rise. Meanwhile, 409,100 students returned from overseas study last year, up 12 percent on 2014.
Another notable trend, the ministry said, is that the ratio of those going abroad and those coming back has narrowed from 3.15 students going overseas in 2006 for every one that returned, to 1.28 for each returnee in 2015.
Chen Zhiwen, editor-in-chief of EOL, China's largest online education portal, said the trend started to become obvious a few years ago, when the Chinese economy took off and the economic gap between China and other developed countries began to shrink.
Decades ago, very few Chinese people came back after finishing their studies overseas because they saw developed countries as "heaven", he said.
"But with the booming Chinese economy, domestic conditions have improved and there is a stronger need for talent. Not to mention the Chinese government has brought in a series of preferential policies to attract people back," Chen said. "In addition, a rapidly developing economy and a lot of emerging industries usually create more jobs and other opportunities and this is also a factor that adds to students' willingness to come back."
Zheng Tianying, CEO of the University and College Admissions System, a company that provides services to overseas students hoping to attend a Chinese college or university, said Chinese students' perspective about overseas study has also been changing.
"Studying abroad, which used to be a rare, life-changing opportunity for very few Chinese students and their families, has become a common practice that is enjoyed by many students from China in recent years," Zheng said. "More students are just heading overseas for a while to experience it or to broaden their vision and then they are coming back."
Between 1978 and 2015, more than 4 million Chinese people went overseas to study. Of those, 2.22 million have returned, the ministry said.