The past few years have witnessed a growing number of overseas Chinese returnees working as financiers or IT engineers in the nation's emerging first-tier cities, like Hangzhou, the capital of Zhejiang province and Chengdu, the capital of Sichuan province, according to a report released by LinkedIn, an online global professional network, on June 14, 2018.

According to the report, entitled "China's Attraction to Overseas Returnees," Chinese between the ages of 20 and 29 compose the largest sector of overseas returnees, yet their proportion has declined from 79.7 percent in 2013 to 52.2 percent in 2017.

In the same period, however, the ratio of returned citizens in their 30s or 40s has risen from 16.5 percent to 30.6 percent, with the growth curve being especially pronounced since 2015, as a flock of returnees with more professional experience are being offered top-executive positions, the report revealed.

According to the report, although the four top-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen remain appealing to many returnees, the cities of Hangzhou, Chengdu, Nanjing and Suzhou are rising as competitive alternatives.

Moreover, Beijing and Shanghai are losing their dominant position in attracting overseas returnees compared to the rapid growth reported in Hangzhou and Chengdu.

The change may be attributed to China's increasingly balanced distribution of resources in urban development, suggested the report.

The report also revealed that high-tech has replaced manufacturing as the second most popular sector in the job market for overseas returnees, with the number of computer science graduates doubling between 2011 and 2017. Meanwhile, finance continues to hold the top position as the most popular field for overseas returnees. 

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