BEIJING, Sept. 12 -- China is in the middle of its biggest ever influx of foreign-educated graduates.
According to a survey released on Aug. 30 and jointly conducted by the Organization Department of the Communist Party of China (CPC) and two other state-level organs, more than 2.65 million people who had studied overseas had returned to China as of the end of 2016, 70 percent of whom returned after the 18th CPC National Congress in late 2017.
In 2016 alone, more than 432,000 foreign-educated Chinese had returned to the country, up 58.48 percent from that in 2017, according to a recent survey carried out among returnees by the Center for China and Globalization (CCG), a major Chinese think tank.
While reuniting with family remains the main motive for most returnees, selected by 70.6 percent of those surveyed, favorable policies for overseas-educated students played a big part as well.
Another survey by China Youth Daily (CYD) showed that up to 71 percent agreed that their fellow returnees who chose to start businesses did benefit from the policies.
Zhang Shuhao, an entrepreneur who provides customized overseas journeys and a returnee himself, is among them.
"The benefits include special project incubators, funds, tax cuts, easier access to permanent residence in first-tier cities and others," he said. "From an entrepreneurial standpoint, they're quite appealing."
His words were backed by the numbers. For example, China has so far set up 350 industrial parks exclusively for the foreign-educated, where over 27,000 enterprises have settled.
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