In recent years, a growing number of overseas Chinese students and immigrants return to China to take advantage of the development opportunities by engaging in business. Their roles in business receive increasing attention from policy makers, the media and scholars. This chapter intends to provide a review of the relevant literature. We note that returnees have started playing an important role in the society since 1840s. Returnees contribute to the modern business through facilitating knowledge transfer, increasing innovation, boosting productivity and ensuring economic growth. The evidence from other countries and the disadvantages of returnees are also discussed.
Returnee entrepreneurship is the phenomenon of skilled personnel, including students and scientists, returning to their home country to start a new venture after several years of education and/or business experience within developed or OECD countries. During these experiences away from home, returnee entrepreneurs acquire advanced technology and knowhow, the ability to identify cross-country market opportunities, and international networks through relationships developed abroad. While the issue has been studied from several angles, Liu posits that many opportunities exist to understand better returned entrepreneurship and its impacts.