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This opening note is part of the suite of teaching materials (IMD-3-1876 to IMD-3-1880) which employs China as an illustration of the managerial implications resulted from the so-called War for Talent, and is intended to generate insights into 'how to best play the talent game' in China, or elsewhere. We aim to generate an interactive and rich class discussion of the issues raised among seasoned business practitioners, by adopting a variety of interesting teaching formats: an opening note (IMD-3-1876), four cases (IMD-3-1877 to IMD-3-1880), an 'appraisal exercise' (IMD-3-1876-E) and a video. In particular, this note presents the major talent-related issues that both local and foreign business leaders in China are facing today. Being deliberately brief, the note is designed to provide quick familiarity with the 'big-picture' issues relating to talent in China today.