Until recently, the foreign multinationals (MNCs) held a competitive advantage when sourcing talent in the Chinese market.

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Yet, most MNCs appear to share one common attribute: the ability to diminish the human talent to which they have been entrusted.

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Chinese players are showing how easy it is to outpace MNCs.

FORBES: Deals For Getting Big In China -- Fast

Already the No. 1 market in a host of industries, including automobiles, home appliances and mobile phones, China is a leading profitable growth engine for multinational companies (MNCs).

FORBES: Deals For Getting Big In China -- Fast

So the "persuasion" tried by government and MNCs didn't work.

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In healthcare, domestic ultrasound manufacturer Mindray became the No. 1 player by using technology that was reliable but less advanced and offering 30% to 40% lower prices than similar models from MNCs.

FORBES: Deals For Getting Big In China -- Fast