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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.
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.
We do a lot of business in China, and to retain good employees we basically pay double the going rate. If you are talented, you can command a big premium there. I wouldn't want to be a worker on the factory floor, but skilled technical people can do very nicely.
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not even a little bit. They're a Kleptocracy. Calling them communist a) gives their system of government more legitimacy than it deserves and b) puts a bad shine on Democratic Socialism, which thanks to a decades long campaign of attacks by various members of the ruling class gets associated with Chinese style Kleptocracy.
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We could dangle financial success as the motivator for getting good talent over here. That's always been understood to be a temporary thing given that the rest of the world can only get richer. Passing laws over here that encouraged outsourcing wealth-generating industries like manufacturing to there hurried that along faster than was good for America, however.
"No worries!" proclaimed the coastal elistists, "for American freedom entices the whole world to flock here!" Well, in principle yes. But given the way Big Tech in Silicon Valley seems to be about as open and tolerance as Mao's China or Pol Pot's Cambodia (that's not as big of an exaggeration as it used to be, for you can now be fired and blacklisted from tech for your politics), we can't really claim that as an advantage either.
So let's look inward and ask ourselves an honest question: We've got money, we've got clean air and "green" but they also have money, and the comfort of the home culture and neither one of us has more freedom than the other, and while their schools don't measure up to ours (yet), our schools are at best a decade from all turning into Evergreen State. Berkeley has already fallen down that moronic rabbit hole. What do we do to make America a desirable place to be again? This is a practical question. The foreigners with means to leave are the canaries in the coal mine. Listen carefully and you'll hear people who already have power and influence (cough Bernie Sanders, cough cough) itching for policies that will turn this place into Venezuela. Venezuela used to be rich and no one would have thought twenty years ago that it would go so far down in such a short amount of time.
From the viewpoint that the US is not highly welcoming of highly educated US-educated PhDs and Masters from other nations, unlike most EU nations and Canada, it makes sense that they would return to China, where they don't prop up failing fossil fuel industries and have high speed rail, instead of trying to remain in a country in denial that it's the 21st Century already.
Now, this does point out that it would be in America's interest to encourage highly-educated US-educated PhDs and Masters recipients to remain, via expedited citizenship procedures, as occurs in the EU, UK, and Canada. But that's just an objective viewpoint.
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Stalinism is only one of many proposed models of communism, albeit the one with the greatest success.
China describes its own system as a form of market socialism, but in fact it's probably better thought of as a kind of state capitalism, with a parallel private sector in which the state freely interferes to suit public policy. While it's not a system I'd want to live under, it is undeniably successful.
I'd describe the ideological stance of China's ruling party as post-communist Burkean conservatism. The emphasis is on getting the institutions they already have to work rather than pursuing Utopian schemes. Instead of using ideology to make policy decisions, policy decisions are made pragmatically and later rationalized, a stance described by Deng Xiao-peng's famous slogan, "Practice Is the Sole Criterion for the Truth".
"Communist China" might well be the least ideological and most pragmatic society ever devised. This makes them formidable, because there's really nothing they can't do if it suits their purposes. For example President Xi is currently reducing state intervention in private sector businesses, something that would have been heresy in pre-Deng China. But it's not because he thinks it's right, it's because he thinks it will bring the country greater wealth. However that wouldn't stop him from nationalizing a business if he thought it was useful -- or more likely quietly forcing it to follow state directives. That wouldn't be wrong to their way of thinking.
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It's amazing how we can blame foreigners and poor people for everything. How are foreign students going back home after getting education abroad even a problem? We're actively trying to kick people out of the country under this admin and we're blaming them for leaving? Hell, it is not easy to be allowed to stay in America. Plenty want to stay and couldn't after exhausting all their options.
Also, plenty of Americans study abroad and move back home. Is that ok or not? If it's ok for them to do it, what is the difference besides a double standard? A lot of Asian companies actually hire western CEOs and managers and many move back home eventually. Is that good or bad?
Maybe there is a percentage of foreign students that somehow have been able to take advantage of local scholarship or something, but as far as I'm aware most have to pay full tuition and actually subsidize local students. More local students can afford college because of them. It's the same reason we allow rich unqualified American students into some schools so their donation/bribe allow other students to go to school. Foreign students are not committing a crime or trying to harm people coming here to study. If it's somehow detrimental to the locals, then it's the schools that allow them in doing something wrong rather than those students signing up for an existing program.
Yep. The benefits of a pragmatic authoritarian state. Here in America getting people to agree to get better health care for less money is a fight because "muh taxes." In China if something is obviously a better option then they just do it. I don't doubt that they have severe issues that are hidden from view, but at least they have leaders that know the meaning of the word pragmatic.
Although the governance of the Communist Party of China is opaque, it's supreme authority is not the President or General Secretary. Theoretically it is the thirty member politburo, but in practice it seems to be the seven member Politburo Standing Committee, whose votes in effect have force of law.
PSC members are chosen to provide an extensive array of party experience, representing expertise in local and regional government, internal party affairs and national security, and by that very nature represent deep and extensive connections throughout the party. It's not a bad way of doing things if you want them to be stable, but because the actual practice of power operates outside the formal Constitution of the nation or party it's hard to know for sure exactly how stable China is.
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Well, China is struggling with providing health care to its population too, but they have an interesting approach: they're focusing a lot of their efforts in prevention and reduction of chronic diseases to buy them time as they build out their health care delivery systems.
It's interesting to compare China vs. Russia, both post-communist states. China may have problems, but Russia is a basket case. China has a persistent corruption problem with officials charged with regulation; Russia is an outright kleptocracy. I think the difference between the two countries is this: mineral wealth. In Russia they can squabble out of riches they dig out of the ground, but if things don't work in China they've got nothing to squabble over.
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China is a state capitalist system built on top of a stalinist system built on top of a fascist dictatorship built on top of a really shitty 2000 year long absolute monarchy. Their culture and state institutions have inherited a lot of garbage.
China has a political firewall to keep democracy and the CIA, MI6 out.
The only remaining "civil society" in China is communist.
The generation of students who got back in university in China after the Cultural Revolution by passing university entrance exams had to be good Communists.
https://en.wikipedia.org/wiki/...
The students that got allowed to study in the USA for years could only be very good Communists. They would have not been allowed to go to the USA if they where not fully treated to stay loyal to China.
Re "What will happen when, inevitably, the economy stops growing so fast and corruption becomes more obvious?"
If a person wants to keep their education, uniform and rank, good city living conditions, healthcare, pension, keep good standing with the Communist list party they don't show up to protest.
Take part in a protest? All the normal things a person worked so hard for can be removed during one interview.
Education? No graduation, no results can be found. Address? Not in the good part of a nice city anymore. Healthcare? Much less. Pension? Much less. Wage? Reduced to minimum. Show a good attitude by denouncing others and some of that quality of life will be restored.
Every protester is turned into an informant.
East Germany had its Zersetzung to change minds about freedom and democracy.
https://en.wikipedia.org/wiki/...
China is changing in the way it never lets a protest start by going after everyone who protests. Not just all the CIA, MI6 backed protest leaders.
Domestic spying is now "Benign Information Gathering"