The other offer is to play a role in Europe to promote new energy storage to a private company.
Liu, who specialized in Russian and international trade, has already spent several years on business trips around the world promoting Chinese-made medical devices.
According to the Ministry of Commerce, Chinese-funded foreign companies employed a total of 4.1 million people in 2022, more than half of whom were local residents, not to mention state-owned contractors who employ many Chinese workers abroad.
“We are busy recruiting for branches in the European and American markets [2024]said Ray Luo, human resources director at a Guangdong-based company focused on providing lithium-based battery technology solutions globally.
“We have now grown from dozens a few years ago to hundreds of global employees today serving the global market,” she said.
According to the report released by consulting firm iiMedia in August, 29.5 percent of the large companies surveyed have already established a business presence abroad, while 19.9 percent said they plan to go abroad.
Of the companies that have already invested abroad, 39.4 percent are medium-sized companies.
Why is China hesitant to launch a massive economic rescue plan?
Why is China hesitant to launch a massive economic rescue plan?
Chinese job seekers showed a keen interest in working abroad, with more than two-thirds of interviewees accepting opportunities abroad when they were offered, according to a survey conducted by Chinese human resources firm and job search provider 51job earlier last year.
Participants from the Internet, automotive, consumer, and energy sectors showed particular interest in offshore jobs.
However, those who accept offshore roles face many challenges such as cross-cultural communication and business localization.
Not all overseas job sites are created equal either. In the survey of 51 jobs, 38 percent of interviewees were willing to work in Europe, 16.7 percent were headed to North America, 15.7 percent were headed to Japan and Korea, and 9.3 percent were headed to South East Asia.
Although Russia is not the preferred destination, Liu is promised good compensation if he accepts the job.
The package offered by the state-owned company includes significant social insurance and housing fund contributions, a base salary of 14,000 yuan (US$1,973), and a promising career path with the company’s Russian team set to double or even triple this year.
He said he was told: “The project rewards are also expected to be very generous, as you see the upcoming major investment in infrastructure in Russia, such as the Far East region.”
Tom Wang, who previously worked as a specialist engineer in North Africa for a Shenzhen-based tech giant, found that salaries and subsidies for such overseas job offers are not as high now as they were in pre-pandemic times.
However, working abroad will become an increasingly popular option as many middle-class families need stable cash flow to pay mortgage payments and household bills.
He added that competition in such a sector will soon become fierce.