One annecdata. When I handed in my doctoral thesis in Oxbridge, I was contacted by a recruiter from PRC that offered me generous startup funds ($600k-1M) and salary to bootstrap my own academic lab at Tsinghua, Fudan, or other top universities. It'd take me 4-6 years to get an equivalent offer in UK or EU where experience and connections are much more important than talent.

I am European and I do basic research in science. They seem to be very interested in fundamental science and investing heavily in lots of subfields. As discussed in other comments, the improvement in their research quality during the last decade is nothing short of impressive.