Chengdu offers big money to lure talent

Top-notch foreign teams and individuals, including Nobel Prize laureates, will each be eligible to receive 100 million yuan ($15 million) in government funding if they start an innovative or entrepreneurial project in Chengdu, Sichuan province.

It is one of six measures adopted to woo high-end foreign talent, the city's human resources and social security bureau said on Wednesday.

To make it easier for foreigners to work in Chengdu, the city government has said it will simplify its procedure for issuing work permits.