According to the China
Economic Review (2009), ‘the imbalance between business opportunities in China and qualified
executives to manage them will get worse, before it gets better'. In a recent survey of US-owned
enterprises in China by ‘AmCham Shanghai', 37% of the companies said that recruiting talent was their
biggest operational problem and this issue was greater than regulatory concerns, a lack of
transparency, bureaucracy, or the infringement of intellectual-property rights which are all deemed as
significant issues also (Bacani & Peavy-Sima, 2006) . In another survey, 44% of executives at Chinese
companies surveyed by ‘ The McKinsey Quarterly' stated insufficient talent locally was the biggest
barrier to their global ambitions.