The Shanghai Scramble
Young Chinese engineers like Chen Yiqiu know what it's like to be wanted. With so many multinationals opening or expanding research and development operations in China, top university graduates often get lots of enticing offers. As the 25-year-old Chen finished her master's degree in telecommunications from Shanghai's Fudan University a year ago, she received offers from Cisco Systems (CSCO), Intel (INTC), and Royal Philips Electronics (PHG). Intel and Philips offered more money, but she ended up choosing Cisco, where she had previously worked as an intern.
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