Nearly 1,000 would-be turtles packed the ballroom of the Sheraton LaGuardia East hotel in Flushing Queens recently, where they pitched themselves at a job fair for opportunities in Shanghai, China’s financial hub.
The worst financial crisis in decades has left the U.S. economy mired in a recession claiming more than 2 million jobs so far.
Some cities and firms in China are quick to exploit the opportunity to lure back native talent. The fair was led by the Shanghai municipal government and organized by about two dozen banks, insurers and securities firms from the city, including the Shanghai Stock Exchange.
Earlier this month, Nanjing in Jiangsu province in eastern China held similar events in several major cities in the U.S., which attracted hundreds of people.
So many sea turtles (hai gui in Mandarin) have returned home that the people of Beijing, Shanghai and elsewhere have invented a new name for those returnees who cannot find a job: ‘seaweed’ (hai dai).
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Source: International Herald Tribune