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China becomes major employment destination

(Xinhua)
Updated: 2006-06-12 09:02

Meanwhile, statistics from the Ministry of Labor and Social Security showed that by the end of 2005, more than 150,000 overseas employees had registered to work in China. 70 percent of them worked in foreign-invested companies and they are mostly from Japan, Republic of Korea, Singapore, the United States and European countries.

"The Chinese government encourages foreigners with special technological, managerial skills that China is currently short of to work in China," said Wang Yadong, deputy director of the Employment Training Department of the Ministry of Labor and Social Security.

According to the ministry, a majority of the foreigners work in hi-tech, communication, and financing industries. There are more than 500 multinational companies in Shanghai, with more than 40,000 foreign talents.

Kritian Kender, a business partner of a media research company in China who has been working here for more than ten years said there were no interesting jobs back in the United States when he graduated.

"It's not very difficult for foreigners to find jobs in China," he said, noting that to have an interesting job is more difficult and even more difficult to start business because the procedure is quite time consuming and complicated.

China issued a "green card" policy in 2004 for foreigner to have long-term residence and work. By the end of September last year, 649 foreigners from 33 countries including the United States, Canada, Singapore, Japan and Australia had been granted permanent residence in China.