How China Is Hoping to Attract Tech Talent

Here is a 194-word summary of the news article: China is actively trying to attract skilled tech talent, particularly in response to the recent changes to the U.S. H-1B visa program. The U.S. has introduced a new $100,000 minimum salary requirement for H-1B visas, which has caused significant disruption for tech workers and their employers. Many tech companies in the U.S. rely on H-1B visas to hire foreign talent, but the new salary threshold has priced out a large portion of these workers. As a result, China is aggressively recruiting these displaced tech professionals, offering favorable policies and incentives to lure them to the Chinese market. China's efforts include streamlining the visa application process, providing housing subsidies, and offering lucrative compensation packages. The goal is to position China as an attractive alternative to the U.S. for skilled tech talent, capitalizing on the challenges created by the H-1B visa changes. This talent war between the U.S. and China reflects the global competition for technical expertise, as countries vie to build strong, innovative tech industries.