Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
It used to be that China was afraid of losing their best talent to a multinational company.
Not so anymore. The multinational is now helping China with its ‘brain drain.’
1. China’s best are attracted to multinationals – 40% of China’s elite work for foreign-invested enterprises.
2. Many multinationals can now operate in China. Students who went overseas to work are coming back.
3. Training provided by multinationals can help improve Chinese researchers. A good academic background does not always equate to market experience.
4. Well-trained workers in multinationals are becoming a potential human resource for Chinese local companies.
5. China has become one of the major R & D bases in the world – 61.8% of the world’s multinationals consider China as a first choice when setting up R & D institutes overseas.
So, it seems that the initial ‘brain drain’ by multinationals has come full circle and is now making quite a contribution to China.
What do you think?