Com­pet­ing for global tal­ent re­cruit­ment

The Pak Banker - - OPINION - Wang Huiyao

THE gen­eral of­fices of the Com­mu­nist Party of China Cen­tral Com­mit­tee and the State Coun­cil on Thurs­day jointly is­sued guide­lines on the man­age­ment of for­eign­ers' per­ma­nent res­i­dence in China. The guide­lines pro­mote more flex­i­ble and prag­matic con­di­tions for for­eign­ers to ap­ply for per­ma­nent res­i­dency in China, sim­pli­fied ap­pli­ca­tion pro­ce­dures and sub­stan­tially im­proved ser­vices. China's top lead­ers have stressed time and again the need to take more ac­tive mea­sures to en­hance the at­trac­tive­ness of China to for­eign tal­ent. The guide­lines pro­mote com­pre­hen­sive re­form of the man­age­ment of the per­ma­nent res­i­dence sys­tem for for­eign­ers and higher qual­ity ser­vices. The move not only shows China's grow­ing con­fi­dence in its abil­ity to at­tract for­eign tal­ent but also es­tab­lish an im­por­tant foun­da­tion for it to raise the in­ter­na­tional com­pet­i­tive­ness of its tal­ent sys­tem. The doc­u­ment also marks a con­crete step to­ward adapt­ing to the in­creas­ing in­flow of for­eign tal­ent to China. By the end of 2015, 5,208 se­nior over­seas pro­fes­sion­als had been in­tro­duced to China un­der the govern­ment's "1,000 Tal­ents" Re­cruit­ment Pro­gram for global ex­perts, which was launched in 2008. With the fur­ther rise of China's eco­nomic strength in re­cent years, an in­creas­ing num­ber of in­ter­na­tional pro­fes­sion­als have come to China in pur­suit of their "Chi­nese dream". And a large num­ber of high-tech parks have been built for var­i­ous kinds of busi­ness start-ups and over­seas tal­ents.

Ac­cord­ing to an UN es­ti­mate, there were 848,500 for­eign peo­ple re­sid­ing in China by the end of 2013, an an­nual growth of 3.9 per­cent dur­ing the decade. A re­port pub­lished by the HSBC Group in Oc­to­ber 2014 also in­di­cated that China ranked the third in its at­trac­tive­ness to for­eign tal­ents, be­hind Switzer­land and Sin­ga­pore. Due to its fast eco­nomic growth and rel­a­tively low liv­ing costs, China has be­com­ing an in­creas­ingly at­trac­tive desti­na­tion for for­eign­ers to live and work. Af­ter the Min­istry of Pub­lic Se­cu­rity ex­panded the range of work units for for­eign­ers that could ap­ply for per­ma­nent res­i­dency in June 2015, the lat­est move fur­ther eases the re­quire­ments for types of em­ployer and job ti­tles for per­ma­nent for­eign res­i­dents and im­proves the qual­ity of ser­vices pro­vided to them. The pro­pos­als also mark China's adop­tion of more in­no­va­tive meth­ods in terms of global tal­ent re­cruit­ment. Com­pared with pre­vi­ous eval­u­a­tions that were based largely on govern­ment-dom­i­nated tal­ent re­cruit­ments projects, the lat­est doc­u­ment will take into con­sid­er­a­tion more mar­ket fac­tors when re­view­ing for­eign can­di­dates ap­ply­ing for per­ma­nent res­i­dency, such as their salary, tax­a­tion and so­cial credit. But the new guide­lines are not only aimed at at­tract­ing more for­eign tal­ent to China to make their con­tri­bu­tions to China's de­vel­op­ment, they will also cre­ate bet­ter con­di­tions for for­eign­ers al­ready re­sid­ing in China to live and work in the coun­try.

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