Formerly many of the executive positions in China were held by expatriates. But, now the situation has changed.

China is one of the most exceptional places in the world for conducting innovative business activities. Many multinational and international level firms have chosen China as their destination to carry out their core business functions. In recent years, China has witnessed high levels of Foreign Direct Investments (FDI), especially in the arenas of automotive, energy, electronics, retail sectors, and telecom business.
 
As a result, the country now holds the distinction of being one of the major sources of overseas revenues for many international business firms. In fact, the country is now expected to become the largest human capital market in the world, thereby demanding a substantial number of talented executives as well as professionals.  
 
Formerly many of the executive positions in China were held by expatriates. But, now the situation has changed. With the increased awareness of education and the procuring of better education from western institutions, many Chinese people now outshine the expatriate professionals, and as a result many of the executive positions in the country are now occupied by Chinese.
 
As such, talented Chinese people are now able to acquire better positions and earn incredibly high incomes. This is also beneficial for the companies, since it may cost them double when they appoint an expatriate professional to fill an executive positions in China. Apart from local companies, many US and other multinational companies operating in the country have now started appointing ethnic Chinese professionals to fill the top-most vacancies in their firms.  
 
In China, firms looking for executives have four classifications of professionals to choose from; a professional, who is non-Chinese, ethnic Chinese expatriates, Chinese returnees, and Chinese locals. A non-Chinese expatriate usually comes from the headquarters of a multinational company, and would be adept in business functional arenas, however, this individual most probably would lack local language skills as well as knowledge of local business practices.

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