Cities’ sub­si­dized tal­ent con­test


are step­ping up their ef­forts to at­tract new col­lege grad­u­ates. South­ern Me­trop­o­lis Daily com­mented on Tues­day:

With around 7.95 mil­lion stu­dents ex­pected to graduate this year, cities are com­pet­ing to at­tract the best grad­u­ates by of­fer­ing fa­vor­able poli­cies from house­hold reg­is­tra­tion to af­ford­able hous­ing.

Apart from top tal­ents with glam­orous ed­u­ca­tional back­grounds, in­no­va­tive-minded grad­u­ates from across the coun­try are be­ing sought by more lo­cal gov­ern­ments.

In April, Wuhan, in Cen­tral China’s Hubei prov­ince, pro­posed a tal­ent re­cruit­ment plan that in­cludes 3,600 apart­ments with a min­i­mum monthly rent of just 200 yuan ($29). Chang­sha, in neigh­bor­ing Hu­nan prov­ince, has promised to sub­si­dize the hous­ing of col­lege grad­u­ates, who will re­ceive 10,000 to 30,000 yuan to buy their first house in the city. Other pro­vin­cial cap­i­tals such as Xi’an, Shaanxi prov­ince,

even some first-tier cities, have fol­lowed suit.

Dur­ing the 13th Five-Year Plan (2016-20) pe­riod, Shen­zhen, South China’s Guang­dong prov­ince, is ex­pected to build some 400,000 apart­ments for grad­u­ates, 70 per­cent of which will be for rent. Guangzhou, also in Guang­dong, has al­lot­ted 7,000 of the 12,000 newly built af­ford­able houses to col­lege grad­u­ates. They are right to draw a les­son from the de­par­ture of tech­nol­ogy star­tups from Sil­i­con Val­ley over the past few years due to ris­ing costs.

Job op­por­tu­ni­ties and de­cent work en­vi­ron­ment in megac­i­ties have for a long time at­tracted job-seek­ers, but they have been los­ing their magic since most fresh grad­u­ates can­not af­ford to live in them. It makes per­fect sense that lo­cal gov­ern­ments there­fore are will­ing to sub­si­dize fresh grad­u­ates’ liv­ing ex­penses as a way to at­tract them.

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