China has nearly 800,000 people who have returned from studying abroad in the past five years. The largest wave of returnees in history

> China has nearly 800,000 people who have returned from studying abroad in the past five years. The largest wave of returnees in history. This year marks the 100th anniversary of the European and American Alumni Association, and China has also ushered in the largest wave in history...

Nearly 800,000 people from China have returned from studying abroad in the past five years, the largest wave of returnees in history. This year marks the 100th anniversary of the European and American Alumni Association, and China has also welcomed the largest wave of returnees from overseas students in history. In the past five years, nearly 800,000 people have returned from studying abroad. On October 13, Wang Xiaochu, Vice Minister of the Ministry of Human Resources and Social Security of China and Vice President of the European and American Alumni Association, stated at the European and American Alumni Association Beijing Forum and the 8th China Overseas Students Innovation and Entrepreneurship Forum that as of the end of last year, the number of students who had returned to China had reached 1.09 million, and 272,900 had returned last year, a year-on-year increase of 46.57%. At present, China has built more than 260 entrepreneurial parks for overseas students at all levels and types. According to Lin Yifu, vice chairman of the All-China Federation of Industry and Commerce, China is the best place for overseas students to start their own businesses because China’s economy is “uniquely beautiful here.” After the international financial crisis in 2008, the international economy has not yet recovered, which has had an impact on China's economic growth. The Chinese government has taken some necessary measures to counter the international economic cycle, and the conditions are very favorable. He believes that China's economy will rebound in the third and fourth quarters of this year, and it is entirely possible for the economy to maintain a growth rate of 7.5% to 8% this year. Looking to the future, China's economy still has the potential to maintain 8% growth. "In the future, if China wants to complete an upgraded version of its own economy, it must have fundamental creation and invention." Tian Suning, chairman of China Broadband Capital Fund, believes that this kind of creation and invention is just like Edison invented the electric light and Ford established a modern industrial production line, with innovations in technology, business models, and organizational methods. With the development of the information revolution, due to cloud computing, big data and China's huge population, there are opportunities for major technological changes and innovation in the future. Fundamental inventions and business model innovations are not only the mission of returned talents, but also very exciting opportunities. Creation and innovation are not only reflected in economic progress, but also in social development. Xue Lan, dean of the School of Public Policy and Management at Tsinghua University, pointed out that China's current historic changes are the best case of public management in human history. Whether a better Chinese governance model can be created based on the experience and lessons of other countries' governance models also requires the efforts of overseas returnees in terms of concepts, theories, and ideas.