Overseas returnees will help Chinese enterprises to go global in the future: report

An increasing number of Chinese overseas returnees will help Chinese enterprises to go global in the future, according to a report released by global recruitment specialist group Hays on Dec. 6, China News reported.

According to the report, China’s vigorous economic growth and the strong demand from local companies for internationally-trained talents is attracting returnees from all over the world.

Statistics shows that, in 2016, the total number of Chinese students studying overseas reached 544,500, while the total number of Chinese returnees reached 432,500, representing an increase of 5.72 percent over 2015.

“We expect increased demand for overseas Chinese talent to return home to fill roles in technology, STEM, healthcare, and e-commerce areas and to help these companies fulfill their global plans,” said Simon Lance, Managing Director for Hays in Greater China.

In addition, Hays predicted that, China is now firmly established as the world’s third largest IT market behind the U.S. and Japan, and is accelerating its rapid digital transformation, which creates a need for talent in many areas, including digital technology and e-commerce.

Chinese mainland is leading the charge in so many areas, not least of which is world-class technological innovation and also infrastructure, particularly the Belt Road Initiative and Maritime Silk Route project, the managing director noted.