s have accelerated since 2015 as the government sees them as drivers for the economy’s transition.
As a result, a number of supportive policies have been issue
d to support maker spaces, incubators and companies to speed up innovation.
Roee says that the Chinese innovation and entrepreneurship market has “mind-blowing speed and scale”, which, despite short-
term fluctuations, has a growth trajectory from a long-term perspective and might grow more than tenfold in the next decade.
“Chinese enterprises have advanced consumer-oriented thinking and strong manuf
acturing capabilities, and China’s speed of getting from an idea to a product is unparalleled,” he says.
Dylan Huang, who oversees WeWork Labs’ Greater China operations, says the demand a
mong Chinese startups for all-round support is strong, and the platform will leverage its global re
ources to facilitate exchanges between Chinese partners and their overseas counterparts.
The service sector, IT and media industries have
overtaken the education industry as major job sources for expat
s in China, according to figures from the 2019 Job Fair for Foreigners in Beijing.
The job fair was organized on Sunday by the Foreign Talent Research Center and the State Administration of Foreign Exper
ts Affairs, attracting more than 500 expats with nearly 1,000 jobs available in a range of professions.
The expat job market, once dominated by language teachers, has seen a major shift. Approximatel
y half the jobs available at the fair were in the sales, media, marketing and IT sectors, including ope
nings for journalists, brand and communication managers and software engineers.
“A certain level of Mandarin proficiency is an advantage,” said Yang Jiayin, project manager of the research center. “The be
st-paying jobs generally require the ability to speak Mandarin. Positions that require fluent spoken and written Ma‘
’ndarin tend to pay more than the same jobs without the language requirement.”
rchased by a joint venture between Partners Group, The Family Office, SDP Investments, and The Carlyle Group for around 9 billion yuan.
“Given the strong presence of leading and fast-growing IT firms in the area, Zhongguancun remai
ns a bright spot for investment opportunities in Beijing,” said Michael Wang, head of capital markets for JLL in Beijing.
“Due to the lack of commercial leasing space in the IT-driven submarket, rapidly expanding
companies are increasingly choosing to purchase entire buildings to meet large office requirements.”
An increasing number of countries have tapped into the convenience of e-visas to attra
ct more tourists from China, the world’s largest source of outbound tourists.
According to tourism insiders, the Japanese embassy in Beijing
said on Thursday during a meeting with local travel agencies that it will launch e-visa services
on May 1, allowing applicants to submit their materials online instead of sending paper documents.
“The embassy said that e-visa services may be available in consulates in other Chinese cities n
ext year,” said Han Zhisu, co-founder and CEO of 666visa.cn, a domestic platform where visa applicants can submit materials.