China Eases Immigration Rules to Attract Overseas Talent
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Marilyn RomeroIn July, China introduced more relaxed immigration rules in a bid to attract highly-skilled overseas workers to combat the country's severe shortage of talent.
China's quest to become a global powerhouse in technology and other highly skilled industries has been hitting a roadblock due to a severe local talent shortage. LinkedIn statistics, for example, show that China trails the U.S. in terms of technology professionals working in the artificial intelligence, or AI, sector. As of March, the U.S. had 850,000 AI workers while China had just over 50,000; ranking it seventh, behind India, the U.K. and Canada. About nine out of 10 AI positions advertised on the mainland go unfilled, forcing companies to venture out of China to hire, according to LinkedIn.
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