A more recent and comprehensive initiative is the National Medium-and Long-term Talent Development Plan (2010-2020) to attract and retain highly skilled individuals in six broad areas (political leaders and officials, business entrepreneurs, technical professionals, highly skilled industry staff, skilled workers in agriculture and rural areas and skilled social workers). In 2014, around a third of companies encountered a skills shortage, and 6% filled the gap by recruiting foreign talent (Standard Chartered, 2014). Although this share appears to be increasing, the talent gap is still well below the levels of around 70% reported in Brazil and India according to Manpower (2014). Although in China, as in other emerging economies, concerns have been raised about the outflow of talent (“brain-drain"), cross-border human mobility has been beneficial as it spurs innovation in Chinese high-tech firms (Liu et al.,