In the late 1990s, the term "haigui" (returnee) was born with a "silver spoon," referring to young talents who studied abroad, mastered advanced Western management concepts and technologies, and chose to return to China for development. Returnees were once considered "elites," highly welcomed by domestic enterprises upon their return, with salaries and benefits far exceeding those of graduates from domestic institutions.
So, what is the current situation for returnees? Let us look at some data to understand.
According to the "2018 Report on Employment and Entrepreneurship of Chinese Returnees," one-third of returnees have a pre-tax income of less than 6,000 RMB after returning to China, and nearly 70% of returnees have a monthly salary of less than 10,000 RMB.
In addition, over 38% of returnees take up to one month to find their first job; as many as 44.8% of returnees have a monthly salary of less than 6,000 RMB for their first job.
Regarding such salary levels, 80% of returnees expressed "disappointment," and 72% felt that their "major did not match" their job.
Returnees certainly cannot accept such salary levels. Why? Let us look at the growth of study abroad costs from 1998 to 2019:
Today in the United States, the average tuition for a private undergraduate degree is 43,562 USD, with living expenses bringing the annual cost to 400,000 RMB. Completing a four-year undergraduate degree costs 1.6 million RMB. At current returnee salary levels, it would take 22 years of salary without eating or drinking to recover the cost of studying abroad! Compared to classmates who stayed in the U.S. with annual salaries often exceeding 100,000 USD, it is truly heartbreaking!
Furthermore, the "2019 U.S. Immigration Reform Priority Plan" previously announced by the Department of Homeland Security suggests raising the standards for "specialty occupations" required for H-1B visas, while also proposing changes to the H-1B lottery rules to increase the probability of students with a master's degree or higher winning the lottery by 15%, to ensure that limited work visas are issued to the most outstanding, brightest, and most skilled international students. If this proposal is ultimately implemented, it will mean that it will be even more difficult for Chinese students with only an undergraduate degree to stay in the U.S. through the H-1B route.
Looking at it this way, does it seem that returning to China to accept low-paying jobs that do not match one's major is the only choice for many returnees?
Worldway Group experts suggest: Through status planning, quickly obtain a Green Card, and then leverage the advantages of the Green Card to enjoy U.S. elite education resources and employment opportunities. It can be said that obtaining a U.S. Green Card offers significant advantages for children's education in terms of costs, quotas for elite schools, major selection, and employment opportunities after university graduation. Therefore, those who have the idea of sending their children to the U.S. for high-quality education or immigrating to the U.S. as a family should act as soon as possible. Currently, one of the mainstream immigration methods most favored by investors is the U.S. EB-5 investment immigration.
Currently, those interested in immigrating to the U.S. can choose the Worldway Group Manhattan 9 Luxury Boutique Hotel EB-5 project, which has advantages such as having been approved by the USCIS, the potential to shorten waiting periods, sufficient employment creation, and first-priority repayment guarantees. This project possesses multiple advantages, greatly safeguarding the interests of investors and helping them successfully immigrate to the U.S.
Project Advantages
● Manhattan meets the definition of a "Targeted Employment Area" in the draft bill, an EB-5 project with the potential to shorten visa waiting periods
● A rare EB-5 project in the market with first-priority repayment in Manhattan
● Project I-526 exemplar and individual investor cases are "both approved"
● High developer equity investment ratio and low debt ratio
● The LTC (Loan-to-Cost) ratio of the EB-5 loan at maturity is only 26%, with super-strong project refinancing capability
● Sufficient employment, completion guarantee
● Project has already started construction, and some jobs have already been created
● Implementing industry-leading high compliance standards to ensure highly transparent supervision and use of EB-5 funds
● If the investor's I-526 is denied, the developer's wholly-owned subsidiary provides a refund guarantee
● Superior geographical location with strong market demand
● 100-billion-level real estate fund DLJ joins forces with EB-5; Worldway Group joins hands again after the Four Seasons Hotel and Resort project, a powerful combination
High-quality project quotas are tight. Those with Green Card needs and available funds should seize the opportunity! Grasp the golden historical period of low-cost immigration to the U.S. for 500,000 USD before December 21, and submit your application as early as possible. Quality project hotline: 400-138-2929