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United States China The Almighty Buck IT Technology

China Chases Silicon Valley Talent Who Are Worried About Trump Presidency ( 416

China is trying to capitalize on President-elect Donald Trump's hardline immigration stance and vow to clamp down on a foreign worker visa program that has been used to recruit thousands from overseas to Silicon Valley. From a report on CNBC: Leading tech entrepreneurs, including Robin Li, the billionaire CEO of Baidu, China's largest search engine, see Trump's plans as a huge potential opportunity to lure tech talent away from the United States. The country already offers incentives of up to $1 million as signing bonuses for those deemed "outstanding" and generous subsidies for start-ups. Meanwhile, the Washington Post last month reported on comments made by Steve Bannon, who is now the president-elect's chief strategist, during a radio conversation with Trump in Nov. 2015. Bannon, the former publisher, indicated that he didn't necessarily agree with the idea that foreign talent that goes to school in America should stay in America. "When two-thirds or three-quarters of the CEOs in Silicon Valley are from South Asia or from Asia, I think ...," Bannon said, trailing off. "A country is more than an economy. We're a civic society."
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China Chases Silicon Valley Talent Who Are Worried About Trump Presidency

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  • Fake news? (Score:5, Insightful)

    by CajunArson ( 465943 ) on Tuesday December 06, 2016 @11:27AM (#53432667) Journal

    Can we contact Obama to have him punish Slashdot for posting more fake news?

    Meanwhile, to burst your propaganda bubble about China is so welcoming and "tolerant" of immigrants, try this: []

  • Totalitarianism unsurprisingly remains pro-cog.
  • by gsslay ( 807818 ) on Tuesday December 06, 2016 @11:29AM (#53432701)
    Not that I want to be defending the buffoon Trump or racist Bannon, I would hope that anyone prepared to live under Chinese one-party censorship can handle most of what Trump's America might throw at them.
    • by TheRaven64 ( 641858 ) on Tuesday December 06, 2016 @12:06PM (#53433013) Journal
      Depends. China is, apparently, a pretty nice place to live if you're relatively wealthy and are on the good side of the Party establishment. Trumps America will probably be quite similar. Going from one such country where you're on the wrong side of the people in power to one where you're on their right side is probably an improvement.
    • by AmiMoJo ( 196126 )

      It depends where in China and what you are doing. For foreigners the censorship is almost non-existent because it mostly only applies to phrases in Chinese, not other languages. Corruption is more of a worry if starting a business there, but the same goes for the US where cops can steal your cash and the president is a known scammer. Personally I wouldn't want to move to either country.

      I've noticed that a lot of EU states are trying to attract people from the UK lately too. Generous relocation packages, goo

      • by jedidiah ( 1196 )

        > but the same goes for the US where cops can steal your cash

        This is a largely irrelevant problem for most businesses as few deal in large amounts of cash. Just the idea of transporting cash as a non-criminal gives me pause. Never mind pause, I view it as absurd from a basic security perspective.

      • It depends where in China and what you are doing. For foreigners the censorship is almost non-existent because it mostly only applies to phrases in Chinese, not other languages.

        The firewall is somewhere between annoying (on a good day) to downright nasty for foreigners as well.

    • Re: (Score:3, Insightful)

      by CajunArson ( 465943 )

      Do you have any evidence that this Bannon person is a racist?

      For example I have incontrovertible proof that, Keith Ellison, who is a front runner to run the Democratic National Committee, is an anti-semitic bigot.

      You can listen to an analysis of him right here: []

  • by FlyHelicopters ( 1540845 ) on Tuesday December 06, 2016 @11:31AM (#53432729)

    "A country is more than an economy. We're a civic society."

    What about that statement is wrong? From a simple economic point of view, if you have no monetary value, then go die in a ditch like a good citizen.

    Except, that we ARE more than an economy, humans are more valuable than just what they provide to the GDP of a nation.

    I don't see China leaping over themselves to allow Americans to fully own businesses there, yet we let them do it here. Either China needs to open up, or we need to shut them out, either solution is fine.

    • Re: (Score:3, Insightful)

      by gsslay ( 807818 )
      Well, if you want to remove the statement entirely from its context; yes it's not wrong. Put it back in its context, and you have a meanly mouthed expression with a subtext of racism and xenophobia.
    • by AmiMoJo ( 196126 )

      He's not wrong, it's just the implications that 66-75% of CEOs are Asian/South Asian, and that if that were true it would be some kind of problem for "civic society" (I think he means "civil society", but either way...)

      • You don't know what "civic society" means, so don't comment. His statement is correct - he didn't mean "civil". There is more to a country than the economy, we should strive to be a civic society. If you look up what "civic" means you will understand what he means.
        • by AmiMoJo ( 196126 )

          I understand what he means perfectly well. You need to explain how is incorrect statement that up to 75% of CEOs are from Asia/South Asia would be a problem for a "civic society", if true.

    • by Jodka ( 520060 )

      "A country is more than an economy. We're a civic society."

      True, the "health" of the economy is an imperfect proxy for aggregate material wealth. While positively related to the social well-being of a society, there are additional determining factors, both spiritual and social.

  • by lazarus ( 2879 ) on Tuesday December 06, 2016 @11:31AM (#53432733) Homepage Journal

    If you train them in your country, you should try to keep them in your country unless you think your educational institutions are no more than money makers. Otherwise you will eventually lose the competitive advantage that you have over other countries that do not invest as heavily in education. If you are concerned about immigration in this regard then you should change the caps you place on the number of foreign students you allow.

    Also, China can chase all they want, but I doubt that there is going to be a mass exodus of top talent to a country with a stifling authoritarian system in place. Top talent really requires freedom -- I think history teaches us at least that much.

  • Pants-wetters wanted (Score:3, Interesting)

    by Kohath ( 38547 ) on Tuesday December 06, 2016 @11:34AM (#53432757)

    If you're wetting your pants every day because you believe made-up scary stories about future Trump Administration actions, China wants you. They have a special story they want to tell you, and they know that after you hear it, you'll do exactly what they want you to. You're the perfect recruit. Apply now.

  • by Anonymous Coward

    China will never innovate until there's a culture change. In China, decisions come from the top. Those below do what they are told and do not challenge authority. They don't contribute original idea and make open suggestions; that's not their job. This has been engrained in Chinese culture for centuries and ultimately why the CCP is able to rule with the (softish) iron fist they do. To think getting all this talent from the American system is going to change that...nope. You can have all the smart peo

    • That's exactly what ants do and it's very likely that they will stay on this world long after the thermonuclear war that will wipe us all. OK, I'm being dramatic, but I hope you get my point. Some societies simply like the way they are, and in many cases, that's not a bad thing. I don't think that by doing this, the Chinese want to be the next America.
  • by __aaclcg7560 ( 824291 ) on Tuesday December 06, 2016 @11:41AM (#53432821)
    When I became a lead video game tester in 2001, I knew I was in a dead end job and I would change jobs in three years. I saw a study at that time that showed that skilled IT professionals would be in high demand as baby boomers retire en masse and Southeast Asian workers will return home en masse. So I went back to school to learn computer programming and got into the IT field. Since the Great Recession in 2008, quite a few baby boomers didn't get the memo that they needed to retire and/or drop dead. Thanks to Trump the Southeast Asian workers will be returning home. I'm looking forward to making more money for the next 30 years until I retire.
    • by mnmn ( 145599 )
      I didn't know there were many southeast asian IT workers in the US.
  • by Dr.Saeuerlich ( 27313 ) on Tuesday December 06, 2016 @11:47AM (#53432871) Homepage

    Are you afraid that your country might become an authoritarian police state? Here's the solution: move to a country that IS an authoritarian police state!

    Pretty much everything people fear that Trump may do to the US is already reality in China, including no due process, no elections, censorship, heavy use of fossil fuels, assertive foreign policies, leader worship, nationalism and a Make China Great agenda. The only thing China has going is that there's no data caps - so maybe it's interesting if you're stuck with Comcast.

    • by hey! ( 33014 )

      Well, I don't think anyone thinks many non-Chinese speaking Americans are going to move there. I think this is targeted at the top tier of immigrant talent, particularly people who may have come from China to the US for school and stayed. For them the equation is more complicated than the one you present, particularly if they feel unsafe, or even unwelcome in the US.

      Just to put some perspective on this, as I write this there are 328,547 current graduate students in the US from China. Ten years ago nearly

    • This was my first thought.
  • by NetNed ( 955141 ) on Tuesday December 06, 2016 @11:48AM (#53432887)
    "the influential entrepreneur said in a recent keynote speech at a state-sponsored conference"

    "State-sponsored conference" says it all about what Li's speecg really is. It's propaganda sent out by the Chinese government in an attempt to attack whatever plans the incoming administration might have. Funny that the clip here on slash dot doesn't have the stipulation for getting the $1 million dollar bonus. It's open it Nobel Prize winners, which could make considerably more in the Valley through awards, grants, salary, etc. But hey, good luck in China if that's where you think you'd like to live.
  • by Jodka ( 520060 ) on Tuesday December 06, 2016 @12:07PM (#53433019)

    While it's not an exact match, Trump and Bannon are best described as mercantalist []. Mercantilism is an antiquated and discredited economic theory and practice largely abandoned in Europe after the 18th century.

    Among the flaws in that system is that it trades visible gains for hidden losses. (Over at the National Review [], Kevin D. Williamson cites Frédéric Bastiat on that point in a great analysis of Trump's Carrier deal). An interesting thing about China luring away talent is that it draws attention to that loss of talent, making it less hidden.

    • by Jzanu ( 668651 )
      Fascinating, thanks for posting that article link.
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  • And so begins the brain-drain of the US - the core of its last comparative advantage was education, similarly discarded, and now the trained are leaving for better pastures. China is rising while the US is regressing economically, technologically, and soon even militarily. Trump will have a victory in making Russia stronger.
    • And so begins the brain-drain of the US - the core of its last comparative advantage was education, similarly discarded, and now the trained are leaving for better pastures.

      Assuming that you're here, are you planning to leave the U.S.? No? If not, ask yourself why. I'm sure the reasons you come up with are the same reasons everyone else that doesn't leave come up with as well.