Ongoing War for Talent
North China's Tianjing Municipality implemented a "favorable policy" on May 16 to attract university graduates. Actually, the so-called "wave of talent grabs" began last year. The number of university graduates reached a record high of 8.2 million this year. Many cities in China have rolled out a slate of "favorable policies" to attract talents, as talents are the treasure in terms of the development of a city. The development of China's digital economy has also affected the flow of talented people. It has been reported the number of people employed in the digital economy accounts for 22.1 percent of the total work force. Xuan Yue, human resources director of a company in Hangzhou, in East China's Zhejiang Province, said, "Although Hangzhou is a second-tier city, it has good job opportunities … The city has attracted many talents from first-tier cities."