China's return migration and its impact on home development.

Author:Wang, Huiyao
 
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As the world enters a stage of unprecedented globalization and economic interconnectedness, the world about market has become increasingly competitive. In this era of international competition for talent, the Chinese diaspora is an immeasurably critical factor in helping to realize domestic development objectives, which in turn will alter the future world geopolitical balance.

With the Chinese economy growing at a breathtaking rate, Chinese international migration is also ushering in a transformative stage. International migration is altering both the political and business landscapes of China. The impact it exerts on the country's development can be gauged from the following aspects.

The beginning of the twenty-first century witnessed soaring numbers of overseas Chinese migrating back to China. According to statistics from the Ministry of Education, in 2012 alone, over 272,900 overseas students came back, with an increase of 46.57 per cent compared with 2011.

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CAUSES OF CHINA'S RETURN MIGRATION

With its high growth rate, the Chinese economy has become the world's second largest after the United States. After the financial crisis in 2008, while other major world economies were trapped in recession, China's economy remained robust, which created more opportunities at home for Chinese living abroad, hence spurring the return of some Chinese migrants.

In addition, in recent years, the Chinese Government has given unprecedented attention to the development of talent. Particularly worth noting is the launch in 2010 of China's National Talent Development Plan, which forms the cornerstone of China's efforts to combat emerging talent development issues and helps maintain the Chinese growth locomotive. This talent cultivation plan, dubbed the National Medium- and Long-term Talent Development Plan (2010--2020), is China's first comprehensive national plan for human resources development. The plan is set to exert an extremely powerful influence on the nation's economic and social development for years to come.

The central government programmes for attracting overseas talents include the 2008 Thousand Talents Programme; 2010 Thousand Young Talents Programme; 2011 Thousand Foreign Experts Programme; 2011 Special Talent Zone and the 2012 Ten Thousand Talent Plan. In line with the central government's talent attracting strategy, by August 2012, 35 industries in 31 provinces and municipalities in China initiated a total of 2,778 local talent plans, such as the Beijing Haiju Programme, Jiangsu Seagull Programme and the...

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