Taipei faces brain drain as Beijing dangles ‘equal status’ offers
The prospect of higher pay and bigger markets lures more Taiwanese workers to the mainland, analysts say
Taiwan will face a tough challenge staunching what could be an even bigger brain drain and exodus of investment to the mainland after Beijing’s latest offer of economic sweeteners to lure Taiwanese, analysts warned.
“More young people who have complained about low pay in Taiwan or who want to find a bigger market for development would choose to work on the mainland because of the incentives,” said Chang Wu-ueh, a professor at Tamkang University’s China Study Institute.
In what analysts called an offensive designed to counter Taiwan’s attempts to declare independence, Premier Li Keqiang promised in his government work report delivered at the first session of the 13th National People’s Congress that the mainland would expand economic and cultural exchanges.
The aim would be to gradually allow Taiwanese to receive the same treatment as mainlanders while studying, doing business, working or living on the mainland, Li said in the report.