Rising tensions between the world’s two largest economies are exacerbating the plight of Chinese nationals living abroad, who are being driven to return home in unprecedented numbers. According to a Bloomberg study, an increasing number of Chinese graduates are returning home due to a perceived increase in hatred toward them. According to the survey, the number of Chinese who chose to return to China increased by 8.6 percent in 2022 compared to 2021. The number of students returning home after studying abroad has also climbed dramatically, growing from 23% at the turn of the century to 82% in 2019, when over 580,000 Chinese students returned home.
The world’s two largest economies’ divergence is producing difficulties for China’s aspirant students
As manufacturers shift production away from China, the United States and its allies limit China’s access to advanced semiconductors. Beijing is also increasing control over information flow, while Chinese executives and academics in the United States may face technological theft charges. The world’s two largest economies’ divergence is producing difficulties for China’s aspirant students, who are facing visa rejections abroad and rising youth unemployment at home. In an uncertain environment, many rich individuals in their twenties who choose to remain in China face considerable scrutiny. China’s activities against affluent individuals are a reaction to rising income disparities and dwindling social mobility.
According to Bloomberg, the return of these well-connected individuals means that the United States and its allies will lose important insight into the inner workings of the world’s second-largest economy. Younger Chinese people, with the exception of those who have studied in the United States, have a more negative impression of America than their parents. Because of the decoupling, there are fewer possibilities for Chinese and American students on campuses to create goodwill and mutual trust. While the United States remains a popular choice for Chinese students studying abroad, the number of Chinese students enrolling in the United States fell by 29% in January 2023 when compared to the same month in 2020. According to a May research by New Oriental Education and Technology Group, around 40% of Chinese students seeking graduate education overseas increasingly prefer nations that are more friendly to China.