Changsha, China Is Paying Graduates $30,000 to Stick Around

Changsha, known for its educational institutions, struggles to retain talent as graduates move to coastal cities for better opportunities. High housing costs and work stress in these cities have led some to reconsider. Changsha aims to capitalize on this by developing a vast economic zone, including an eco-city and high-tech area, to attract businesses. Despite incentives like rent subsidies and cash payments, experts doubt their effectiveness. While Changsha offers a relaxed lifestyle and affordable housing, it still has a long way to go to become a top choice for graduates.

What is the significance of the new economic zone built in Changsha?

In what ways do experts believe the incentives offered by Changsha may fall short?