Not only hot money is leaving China, the country suffers from an ongoing brain drain to the US, writes China veteran Bill Dodson on his weblog. China is failing to foster its innovation incubators, he says. And the parents of those brightest might follow suit.
China, in other words, is suffering a brain drain. One Chinese parent told me that university lecture halls in America in which his daughter is enrolled on the east coast are seeing up to 60- and 70-percent matriculation by Chinese nationals. Of course, the parents of the students pay international rates for their children to attend schools abroad.
They are paying for an education system that emphasizes participation, personal initiative and application of knowledge over rote learning and slavish adherence to authoritarian diktat.
Chinese nationals – or at least their children – are maturing in innovation incubators Chinese society does not, cannot and does not want to foster.
And those Chinese go-getters ain’t going to be returning any time soon to their homeland in the Mainland. One of the big reasons is that mama and papa have every intention of joining their offspring State-side.
Bill Dodson is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.
Next week the China Weekly Hangout will organize its first virtual get-together and discuss why also foreigners are leaving China. Interest? join us here.
- Why China is not set to become an innovative country – Bill Dodson (chinaspeakersbureau.info)
- Why internet filters block China’s development – Bill Dodson (chinaspeakersbureau.info)
- China’s Olympic program needs dreams, no targets – Bill Dodson (chinaspeakersbureau.info)
- China’s lack of innovative power – Bill Dodson (chinaspeakersbureau.info)