Chinese city seeks to lure top scientific talent with housing subsidies

The industrial Chinese coastal city of Wuxi is offering massive housing subsidies of up to 10 million yuan (£1.2 million) to attract Nobel prize winners in physics or chemistry and other science superstars, according to reports from Reuters. The move follows efforts over the last few years by other large cities in China to draw scientific talent from abroad through enticements like tax cuts for university graduates. In April, the average home prices in Wuxi were 14,224 yuan per square metre, or 1.28 million yuan for a 90m² apartment, Reuters notes.