Entrepreneurs, Multinational Enterprises and Policy
Edited by Maureen McKelvey and Sharmistha Bagchi-Sen
Chapter 9: The role of returnees in developing entrepreneurial ventures in high-tech sectors in China
This chapter explores the global linkages and internationalization of the Chinese innovation space, by focusing upon the role of returnees in Chinese high-tech sectors of internet infrastructure and services, health biotechnology, and telecommunication equipment. China has a long history of internationalization, through students. In 1854, China sent its first overseas student, Wing Yung, to study law. Graduating from Yale, Yung later devoted himself to China’s revolution and modernization, including supporting Emperor Guanxu’s Hundred Days’ Reform. Since then, China has experienced several waves of sending overseas students. They have followed the footsteps of Yung and devoted themselves to revolutionizing and modernizing the ancient “Middle Kingdom” after they have returned to China, many becoming important political, economic, and scientific figures in modern Chinese history (Wang, 2010).
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