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The most concerning quote: "About 80 percent of Chinese students who get degrees abroad now go back — up from about 33 percent in 2007, according to China’s Ministry of Education. Some 15 percent take jobs in China’s booming tech sector." Attracting top global talent has always been a competitive advance for America, and it's not a good sign for our economy if we can't retain people that we are educating here. |
There's lots of VC money in China right now and most talented Chinese tech people have offers waiting for them in China that are both very high level positions with very high compensations. So even if you want to stay in the US on the one hand you have people back home offering you insane opportunities and trying very hard to incentivize you to return, and you have the US government essentially trolling you to make a point about how unwanted you are (from their perspective).
The fact that the current US policy is effectively working hard to drive away very talented people who want to be here but have plenty of good offers elsewhere will do plenty of long term harm (for the US).