Summary
China is introducing a new visa, called the "K visa," to attract foreign tech workers, making it easier for them to live and work in China. This move comes as the U.S. has increased fees for its H-1B visas, which are also aimed at attracting skilled tech workers.
Key Facts
- China has created a new visa category, the "K visa," for foreign tech specialists.
- The K visa allows people to enter, live, and work in China without needing a job offer to start.
- The U.S. has increased the fee for H-1B visas to $100,000, affecting foreign workers, mainly from India.
- The K visa is meant to attract young professionals in science, technology, engineering, and mathematics (STEM) fields.
- China may offer benefits like startup grants or affordable housing to K visa holders.
- The changes in the U.S. visa policy might make China more attractive to tech professionals.
- The K visa is part of China's strategy to boost its appeal to foreign workers and students.
