Talented returning Chinese look to startup companies

Increasing numbers of talented Chinese who have studied or worked overseas are choosing to start a business in a less-developed inland province, driven by local governments' policy and funding efforts.

The Xi'an Overseas Chinese Scholars Pioneering Park in Shaanxi province has attracted more than 1,000 returnees to set up companies since the incubator was launched in 1998, according to the latest statistics from the Xi'an Pioneering Park Development Center.

The park was among the first group of incubators jointly founded by the central and provincial governments to lure Chinese talent back from abroad, said Li Xu, a project manager at the center.