China's new visa program aimed at attracting foreign tech talent kicks off this week, a move seen as boosting Beijing's fortunes in its geopolitical rivalry with Washington as a new U.S. visa policy prompts would-be applicants to scramble for alternatives.
While China has no shortage of skilled local engineers, the program is part of an effort by Beijing to portray itself as a country welcoming foreign investment and talent, as rising trade tensions due to U.S. tariffs cloud the country's economic outlook.
China has taken a series of measures to boost foreign investment and travel, opening more sectors to overseas investors and offering visa waivers for citizens from most European countries, Japan and South Korea, among others.
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