China's central authorities have set down a more open policy to attract top-notch foreign talent to help promote economic and social development as well as the global competitiveness of the nation.

According to the National Medium- and Long-term Talent Development Plan (2010-20) released June 6, the government will work out favorable policies in terms of taxation, insurance, housing, children and spouse settlements, career development, research projects and government awards for high-caliber overseas talent who are willing to work in China.

The national plan, a blueprint for creating a highly skilled national work force over the next decade, aims to transform the country from being "labor-rich to talent-intensive."