An increasing number of Chinese overseas graduates are pursuing careers in China, attracted by favorable regional government policies.

"There are some job opportunities in the US, but I believe there is a greater potential of industry development in China," said Hong Xi, who received a PhD from Michigan State University in the United States and returned to China in September.

Hong, 32, who studied chemical engineering, said another reason for his return is that the conditions for starting a business in China have improved since he left the country for school.