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Article: Reverse brain drain
- Article from:
- Oakland Tribune
- Article date:
- October 27, 2009
- Author:
CopyrightCopyright 2009 Oakland Tribune. Provided by ProQuest LLC. (Hide copyright information)
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TIANJIN, China -- This city in northeastern China is a long way
from Sand Hill Road, home to the world's greatest concentration of
venture capitalists. But a deal too good to pass up led Yong Li to
leave his family in Palo Alto a few months ago and head here to
pursue his dream of starting a company, with backing from an
unlikely source -- China's newest capitalists, its Communist
leaders.
"The government is rolling out the red carpet," said Li, who
rides a rickety bicycle through an open-air market every morning and
evening, grabbing wok-fried meals on his way to building TerraBay
Pharmaceuticals, which is working on a treatment for lung cancer.
"The government takes the risks. And there ...