Many Chinese leaving Bay Area to return home

It’s good, Chinese economy is going places. Why not

Inside my network, there are three types of friends who moved back to China: - those who want to build their own startups. It’s easier to find investors in our home country. - those who want to be in upper management, i.e. senior engs who gets into Director/VP in Chinese unicorns. - PhDs who are accepted by Talents Plan. They can get annually around $200k to $500k in USD.

why not. Why do you waste your talent to a country and contribute their economy when its president hates immigrant and call them shitholes ? This is golden opportunity for other countries to take their talent back. Also more countries should open up for start up and immigrants

What kind of salaries are they getting in China ?

If I could get a job with a comparable salary in China I’d be gone in a heartbeat too and I’m not even Chinese

Awesome

I made 1/3 in China compared to what I make in the Bay Area.

Bloomberg is a known Chinese Govt supporter, almost on their payroll... just read the article “... Of the more than 850,000 AI engineers across America, 7.9 percent are Chinese, according to a 2017 report from LinkedIn. ..” LinkedIn report ! Laughable article...

For any one who has not get deep enough insights in the Chinese hi tech, simply go to YouTube and you can find a lot than you can absorb. The fact how fast they have progressed has only been in years instead of decades. From cash/no credit card to cashless society in just two to three years. The amount of infrastructures in planing and under construction in many aspects is unimaginable ambitious: the new Silk Road all the way from China to London, their all EV goals and the just started environmental initiatives. Did you know the rail road length of their high speed bullet train is the total of that all other countries’ combined. In 2025, the Chinese high speed rail mileage will hit 23,600 miles. Compared to the US, where is the high speed train? When we are talking about ML, AI and Robot, they move faster without the privacy rights to be as much concerned. (Yes, you can say it sucks that privacy isn’t as protected as in other western countries, but it does help to make lots data available to advance the techs need it) Not to mention they have already been hardware manufacturing advanced. As for the Talents Plan, I watched a documentary said there have been 6k top execs moved back to China past 2/3 years including top execs who worked in the the bay area for those big tech companies. The total number of people moved back was shown about 3 millions/year. Then the obvious one is the market. In 2017, just about two months ago, The Black Friday spending in the US was around $6b USD/day. The Single Day shopping spending was around $24b USD/day. There’re more... The government of China is trying to build secondary tier cities around the already over populated Shanghai and Beijing. You might also want to check out how the VC is working to fund companies with the resources from the gov and their savings from the pensions etc. They are moving damn fast. A friend of mine immigrated, lived, and worked in LA for over 30 years now works and lives in China for about 2 to 3 months a year. He told me about how the tech in China has grown fast and he felt that the US are moving too slow or even behind in some areas.

China is on the up and up. A lot investor have a lot of money but no idea where to put them. There are much more opportunities compared to the valley, where startups are saturated.