Taiwan's place at the top of the industrial food chain is being threatened by a brain drain as professionals head to China for better career prospects amid political turmoil and economic slowdown at home.
Taiwanese businesspeople have invested in tens of thousands of Chinese factories that provide white-collar jobs such as accounting, management, production planning and quality control to their compatriots.
Expanding demand in expertise in other fields -- notably asset management, business administration, research and development, marketing, medical sciences and aviation -- have also prompted more Taiwanese to try their luck in a place that for more than half a century has been the island's arch enemy.
According to 104 Corporation (104
The number of posts offered on the 104 site by companies in Greater China, which includes China, Hong Kong and Macao, was 8,000 last month.
"The applicants wish to position themselves in the huge, growing market. Those with experience look for career advancement and fresh graduates hope to develop their potential there," said Max Fang (
A sluggish domestic economy, coupled with political animosity, have accelerated the exodus of local industries to China, now Taiwan's leading overseas investment destination.
"Along with the industries went capital and talent. But in this global village, it is only natural that the rising giant is luring more money and brains from the rest of the world, especially Taiwan," said Soong Kuo-cheng (宋國誠), a researcher on Taiwan-China affairs at Chengchi University's Institute of International Relations.
"But the worst part of the brain drain is the flight of top-level researchers in biochemistry, medicine, computer science, DNA engineering and aviation materials," Soong said.
Language similarities and close historical and cultural bonds across the Taiwan Strait mean Taiwanese are at ease working there despite hostilities between the two governments, said Song.
Business and civilian exchanges have boomed in the past decade amid various liberalizations adopted by both sides.
Local businesspeople have channeled an estimated total of US$150 billion to China, which took some 41 percent of the island's total exports in the first 11 months of last year.
An estimated 1 million Taiwanese, or 4.3 percent of the island's population, are either working or living in China, according to the Mainland Affairs Council, which handles cross-strait civilian affairs.
Most are in fields related to manufacturing and business, but in recent years professionals in the service industry as well in cultural fields -- art, education, communications and entertainment -- also joined the gold rush.
Peking University last year hired three of Taiwan's top professors to teach at its Guanghua School of Management, funded by noted Taiwanese entrepreneur Yin Yan-liang (
Last month, 12 Taiwanese pilots, averaging 40 years old, followed eight colleagues to join China's Sichuan Airlines (四川航空), reportedly for higher pay and better benefits.
"Given the great demand in China's commercial aviation business, I really fear that more of our experienced pilots will move to [China]. Something must be done here to keep them home. Aviation skills cannot be trained overnight, you know," said a pilot who asked not to be identified.
In September, 23-year-old Zeng Yilun (曾怡綸) joined China's Shenzhen Airlines to become the first Taiwanese to serve as cabin chief with a Chinese airline, after working as a flight attendant for several other airliners there.
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
GLOBAL ECONOMY: Policymakers have a choice of a small 25 basis-point cut or a bold cut of 50 basis points, which would help the labor market, but might reignite inflation The US Federal Reserve is gearing up to announce its first interest rate cut in more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. Senior officials at the US central bank including Fed Chairman Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank’s long-term target of two percent, and the labor market continues to cool. The Fed, which has a dual mandate from the US Congress to act independently to ensure