About 80% of Chinese students who get degrees abroad now go back — up from about 33% in 2007, China’s Ministry of Education says. That has implications for the US, with experts worrying that as China turns more attractive for talent, the US will lose out.
China’s tech sector has its own shorthand to describe the hours that employees work in the country: “9-9-6,” meaning from 9 a.m. to 9 p.m., six days a week.
Wang Meng Qiu, a startup founder who graduated from Stanford University with a doctorate in computer science, held jobs at Facebook and Twitter in Silicon Valley before he moved to the outskirts of Shanghai to launch his own drone company, Zero Zero Robotics.“You can’t do that in the Valley,” he said.The pay discrepancy between Silicon Valley and China has narrowed since he launched in 2014, especially at top-tier firms.
If he had wanted to pursue a career in academia, Wang said he would have stayed in America. But to build products and achieve commercial success, China’s know-how, available capital and massive consumer base won out.
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