Earlier quoted context omitted.
One note, if you’re working for a top AI company in China, your quality of life other than work hours is already good enough to not to want to leave. It’s not 1990s/2000s anymore. Urban life in China, excluding pandemic times, is better than urban life in the states. The same applies to other sectors as well. Top talent is genuinely valued in China.
Are you kidding? Guess why most those recently emerged Chinese high tech companies (DeepSeek, Game Science, Unitree etc) are all located in Hangzhou? Because property prices are insane in tier-1 Chinese cities like Shanghai which is just 200km away from Hangzhou. You know it is a huge ponzi scheme when even those well paid high tech engineers couldn't afford a modest apartment in those major cities. $3m USD buys you…
Prices are high in Shanghai because everyone wants to live there.