This article is from WeChat public account: Yiou (ID: i-yiou) , author: Zhou Meng

Compared to the solicited comments that have been clearly published, how to retain and make good use of overseas talents is more worthy of attention.

One stone has caused thousands of waves, foreigners’ permanent residence management opinions have been solicited, and the topic attention has exceeded 5 billion.

In the overwhelming discussion, public sentiment replaced the introduction of talents and became the focus of this incident.

Zhou Shuang, a partner of Blue Elephant Capital, has long worked in Canada, Israel, and Silicon Valley in the United States. Now he is back home to engage in education technology investment, and also serves as a business mentor at Tsinghua University.

When he saw that the release of the regulations triggered so many emotional comments, Zhou Shuang said that it was a bit unbelievable. “I suddenly realized that in fact I didn’t understand the environment I was in, and I didn’t understand why so many people on the Internet would be so full of hate and abuse.”

Undervalued immigration needs?

In fact, for those overseas persons who can obtain a permanent residence permit, the regulations have made strict conditions. Strictly stipulated that applicants include the five categories of outstanding society, urgent needs of the country, good tax and investment effects, and family reunion needs.

Apart from those who can apply for permanent residence due to family needs, the first four categories are overseas talents with high net worth and excellent professional ability.

Tax indicators are used to measure whether permanent residence can be obtained. For example, overseas talents approved must first have a Ph.D. Those who have worked in the country for 4 years and their personal salary must be more than 6 times the local average salary for 8 years. Applications also need to be more than three times the average local salary.

In 2018, the average annual salary of employees in Beijing was 149,843 yuan. Under this standard, foreigners who have worked for 4 years must apply for an annual salary of 899,058 yuan, and they must reach an annual salary of 449,529 yuan for 8 years. Reached 529,962 yuan. [1]

That is to say, if a foreigner needs to pay taxes to achieve permanent residence, at least it must reach the executive level of some multinational companies, and the application threshold is not low. The requirements for permanent residence of outstanding talents and permanent residence for investment are the same, and most of the clauses clearly point to high net worth talents.

Zhihu Da Li, a graduate of Zhongnan University of Economics and Law, said, “To be honest, this condition is not low.” Judging from the current popular opinion in the public opinion, the public has seriously underestimated the threshold for applying for a permanent residence permit.

Under the dual pressure of population aging and industrial transformation and upgrading, the crisis of the “middle income trap” is quietly latent. In order to maintain the necessary market vitality and economic growth, the participation of overseas elites in the national economic construction is in the interest of most people.

As of the end of 2019, the latest data from the National Bureau of Statistics shows that there are about 176 million people aged 65 and over in China, an increase of 9.45 million over 2018, accounting for 12.6% of the total population, which can exceed the 7% given by the United Nations. The standard called “aging society”.

“I think our Chinese people need to be more open-minded, because China does need very good overseas talents.” Zhou Shuang was worried about the possible negative effects of some radical speech.

Affirmation from the industry

In order to add more young people to participate in social labor, European and American countries represented by Germany and France have generally adopted a strategy of introducing a large number of low- and middle-class labor populations.