Shanghai remains the most sought after destination for Chinese returning from overseas with many of them venturing into businesses in the city that is viewed as offering better opportunities for entrepreneurs.
Statistics from the Shanghai Association of Enterprises of Overseas Talents show that as of June last year some 4,500 companies have been established in the city by Chinese returnees, far more than any other Chinese cite.
"About 100,000 students studying abroad who have returned to China have chosen Shanghai to work or start their own business. Most of them are hi-tech related enterprises. The local government has set up many preferential policies for the returnees," Li Xinxin, General Secretary of Shanghai Association of Enterprises of Overseas Talents, says.
The city's latest attempt to attract more returning talent includes potentially setting up a free-trade zone that will give them yet another reason to set up a business in Shanghai.
Source: CCTV
