By Emily Bazar, USA TODAY
It wasn’t the U.S. economy that convinced Tao Guo to leave the USA. It was the Chinese economy.
After 24 years in the United States, the 46-year-old naturalized citizen moved to Shanghai in December to take a high-level position at WuXi AppTec, which does research for pharmaceutical and biotechnology companies.
He’s among a growing number of highly skilled immigrants who are leaving the USA to take jobs in their native countries, particularly India and China. The International Monetary Fund projects that China’s gross domestic product will grow by 7.5% this year and India’s by 5.4%. In the USA, the GDP is projected to contract by 2.6%.