God helps those who help themselves
Liu Jinbai sets a good example for Chinese entrepreneurs with an international education background. Liu had been working in Japan as a senior manager at an IT company for over ten years when he decided to come back to China in 2003 and start his own company.
Liu observed that most entrepreneurs test the waters with one or two relatively good projects, which "keep the start-up phase going for one or two years, but the key to making a venture really successful is the good business sense and management skills of the overseas returnees."
"The biggest advantage middle-aged entrepreneurs have is their vast experience; since they have seen and heard a lot, they go about things steadily and face up to troubles manfully," explained Liu, who launched his own start-up in his 40s.
"When conditions are ripe, success will come," Liu added, suggesting that the overseas Chinese should be in no hurry to set up a company in China, because they can kill two birds with one stone after gaining enough experience abroad and returning with their repertoire of advanced theories and skills.
The glint of gold is everywhere
China always has a hearty welcomes for returning talents and has instituted various favorable policies to support new business operators.
According to a Xinhua Report, the country has provided over 150 business incubators for Chinese citizens who have studied abroad, providing start-up services for more than 8,000 enterprises and over 20,000 returning students.
"Returning Chinese students have made important contributions to the country's industrial structure adjustment and innovation promotion efforts," minister of Human Resources and Social Security Yin Weimin said at a national working conference on services for returning Chinese students on August 22.
The Xinhua Report added that an association initiated by 92 domestic organizations was established in Beijing the same day, to offer services to returning Chinese students that include an informational platform on jobs, projects, policies and funding, and facilitation of communication and information-sharing about human resources.
Yin also addressed the issue of China's permanent residence application and approval system saying that planned improvements are designed to attract more high-caliber foreign talent.
