880 karma · joined January 19, 2015
Its a good deal for the company because they outsource the risk of hiring a recruiter fulltime and not finding a candidate.
Some recruiting agencies make a lot of money but many go under. Companies pay a recruiting agency only if the agency found them the candidate. With lots of agencies competing, the fee is not certain. The good sourcers/recruiters definitely find it more profitable to work on their own.
The Chinese public don't much value IP, software or services and so the Chinese Govt doesn't need to let anyone get a foothold. Plus these companies don't really help the Chinese economy with jobs, etc. so Google, Uber, Software? Consulting? Banks?
If you want a cushy secure job writing hr applications for a Fortune 100 company, or some code for facebook when it reached 1B users, then its crazy to expect a large share of 'the profits' as the company's profits are spoken for by the owners who bought its shares and they are happy to get rid of expensive engineers as the engineering prowess you are bringing is not required as much now.
The only solution may be to require such foreign buyers to publish their real names instead of some shell Hong Kong or Cayman Island companies. If the buyer is a corrupt official using bribe money or a crooked businessman hiding black money, making this information public to the PRC Govt/ people, could get them investigated. This should dissuade people using ill gotten gains to inflate house prices here causing a speculation bubble. If they are legitimate, then there should be nothing to fear.