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Top 10 cities attracting Chinese returnees to start up business

Most of Chinese overseas students focus on new technologies and modern services areas to find business opportunities

Boris Sullivan

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Beijing attracts most Chinese overseas student entrepreneurs, according to a report jointly released by Center for China and Globalization, a Beijing-based independent think tank, and China’s recruitment website Zhaopin.com.

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By the end of 2016, over 2.65 million overseas students have returned to China, and of them, 70 percent made their return after the 18th National Congress of the Communist Party of China (CPC) in 2012, according to another report jointly conducted by the Organization Department of the CPC, the Ministry of Human Resources and Social Security and the National Bureau of Statistics.

“Soft power” including interpersonal connections, comfortable environment, cultural diversity, and resources are the most important reasons the returned entrepreneurs consider when deciding on base.

The report said the returned entrepreneurs need more help at market development, financial services, tutorship, financial support and talent introduction policies.

Most of Chinese overseas students focus on new technologies and modern services areas to find business opportunities.Here are the top 10 Chinese cities attracting the most returned entrepreneurs.

Source: Top 10 cities attracting Chinese returnees to start up business[1]- Chinadaily.com.cn

China

Clear skies over Asia’s new foreign investment landscape?

East Asia Forum

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Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.

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China

Will Myanmar’s coup help China influence ASEAN?

The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.

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On 16 January 2021, Chinese Foreign Minister Wang Yi concluded a visit to four ASEAN countries. One destination was Myanmar, the upcoming country coordinator of the ASEAN–China dialogue and now centre of international attention after the country’s military seized power.

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China

Rapid growth in China post-COVID makes it ripe for investment

Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.

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China’s economy rebounded sharply.

In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.

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