China changes visa polica to attract global tech talents

DW (English)

To advance its technological ambitions, China has launched a new visa policy to lure top overseas STEM graduates to its shores. It comes as foreign talent faces increasing barriers to the US.

Transcript

00:00China is out to lure global talent. The US is making it harder for foreign talent to enter,

00:05slapping a $100,000 fee on H-1B visas. Meanwhile, China has launched a new visa

00:11to attract young graduates. The K-Visa targets STEM graduates worldwide,

00:16allowing them to live and work in China without an existing job offer.

00:19Chinese tech firms hope this policy will give them an edge in the race for innovation

00:23and help attract more foreign talent as their global operations expand.

00:27China is also welcoming refugees like Yiu Jun with open arms.

00:31The Harvard professor is moving back to China. For many Chinese scholars in the US,

00:35increased scrutiny and concerns over espionage have created an uneasy environment.

00:40Research funding cuts under the Trump administration have added to the pressure.

00:44But key details on the K-Visa remain unclear, from financial incentives and job placement

00:49support to permanent residency and family sponsorship. And China's job market is already

00:54crowded. With limited high-quality positions and many job seekers, competition could become even fiercer.

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