How a Chinese city has gone all out in the big battle for talent
Chengdu government offers free entry to famous sanctuary and incentives for homebuyers as it competes for professionals to drive innovation
A city in southwest China is trying to lure professionals with incentives including free visits to its famous panda sanctuary and fast-track hospital care as it vies with other governments to attract talent.
While local officials used to be obsessed with growth – competing for foreign investment and to fill factory jobs with preferential policies – a new battleground has emerged following calls to shift to an innovation-led economy.
The government of Chengdu in Sichuan province on Tuesday set out a number of measures that go beyond the standard rent subsidies and cash incentives, issuing its first batch of “talent green cards” to top researchers and entrepreneurs in the city.
The 296 green card holders will enjoy privileges when buying a home, accessing medical care and obtaining a driving licence, the local government said.
Restrictions on non-local residents buying property will be waived for researchers, professors and hi-tech entrepreneurs buying their first homes.