Xu Liyan and Qiu Jing say Beijing is charging ahead with an ambitious plan to nurture talent to meet recruitment shortfalls and help transform its economy
The world's most populous nation finds itself in the paradoxical position of a talent shortage. According to the PricewaterhouseCoopers 2012 CEO survey, more than 60per cent of chief executives in China found it hard to recruit appropriately skilled talent, while a survey by the Chinese Academy of Social Sciences showed that 17.5per cent of 6.6million college graduates in 2011 were jobless six months after graduation.
To remedy this mismatch, China has launched an ambitious plan not only to step up training workers, but also to open doors to overseas talent.