New Visa Category Created to Attract Foreign Talents into China
China is planning to give out more green cards and ease on its restriction for a visa free entry for foreigners to encourage them top come and work in the country. According to a senior security official they will be increasing the eligibility quota for green cards and extend the scope fro a duty free and multiple entry visas for foreign to make the country more competitive in bringing in foreign investment and talent into the country.
In 2011, the number of foreigners who stayed in China for six months have increased to 600,000 which is more compared to 20,000 who stayed for six months in 1980. And by the end of 2011 around 4,752 foreigners were issued permanent residence card, which is the Chinese version of a green card.
To further attract foreign talents into the country a new visa category was created named talent introduction was added to a drafted law in the China entry and exit administration. This was submitted to the national law making body for a second reading. According to the drafted law ordinary visas will be given to foreigners that are entering the country to work, visit relative, study, and travel or conduct business and to foreigners that will fall under the talent introduction category.
China is making great efforts to resolve the visa and residency permit issues for foreigners, by introducing favorable policies for them in relations to social insurance, taxation, children’s education, medical services and academic funding.