Chinese Workers Abandon Silicon Valley for Riches Back Home (bloomberg.com)

From a report on Bloomberg: U.S.-trained Chinese-born talent is becoming a key force in driving Chinese companies' global expansion and the country's efforts to dominate next-generation technologies like artificial intelligence and machine learning. Where college graduates once coveted a prestigious overseas job and foreign citizenship, many today gravitate toward career opportunities at home, where venture capital is now plentiful and the government dangles financial incentives for cutting-edge research. "More and more talent is moving over because China is really getting momentum in the innovation area," said Ken Qi, a headhunter for Spencer Stuart and leader of its technology practice. "This is only the beginning."

Chinese have worked or studied abroad and then returned home long enough that there's a term for them -- "sea turtles." But while a job at a U.S. tech giant once conferred near-unparalleled status, homegrown companies -- from giants like Tencent to up-and-comers like news giant Toutiao -- are now often just as prestigious. Baidu Inc. -- a search giant little-known outside of China -- convinced ex-Microsoft standout Qi Lu to helm its efforts in AI, making him one of the highest-profile returnees of recent years.

Comments

And yet..

[Sqreater]

Universities will not re-think allowing so many foreign students to take the seats of Americans.

Re:And yet..

[zlives]

you can blame the feds/states taking funding away and making them a business first. hey enjoy that tax break.

Re:And yet..

[ShanghaiBill]

Universities will not re-think allowing so many foreign students to take the seats of Americans.

The limiting factor for universities is not the number of chairs in the classroom. It is money. Since foreign students pay full tuition, they are helping to fund all the Americans paying in-state tuition or getting scholarships.

By "exporting" education, America earns billions of dollars and generates jobs for hundreds of thousands of university employees. Portraying this as a "bad thing" is idiotic. We should be working to make it far easier for foreign students to study in America.

Re:And yet..

[Anonymous Coward]

Universities will not re-think allowing so many foreign students to take the seats of Americans.

I guess Universities aren't those bastions of leftist ideology, because cash is still king.

Oh yes they are. Recently the University of California had a big raise in tuition. The UC Regents claimed they looked all over for money, looked all over for savings, waste, duplication, etc; and found no alternative to raising student tuition.

Less than a year later they are announcing their great new program to give illegal aliens in-state tuition rather than out-of-state. They had no problem finding the money for that. That was quite the political move given the above.

Somebody would have to pay their tuition

[rsilvergun]

and living expenses. The nice thing about foreign students isn't just that they pay more, it's that they have the money to pay. We've been cutting federal funding to Public Us non-stop since Clinton. Hell, I was there in the mid 90s when my school's paper started talking about how the cuts meant tuition would be over $10k by 2020. They were wrong, we passed that milestone in the mid 2000s. The schools didn't get that much more expensive to run either. Nor did the salaries go up all that much (the admin staff always made a tidy sum). We cut the funding, and it had to come from somewhere. Those tax cuts don't really pay for themselves, ya know.