China introduces K Visa for young STEM graduates effective October 1

China has introduced the K Visa, effective October 1, aimed at young foreign graduates in science, technology, engineering, and mathematics (STEM) fields. This new visa does not require a job offer or employer sponsorship, allowing recipients multi-entry access, residence, and work rights for activities such as research, entrepreneurship, education, and cultural exchanges.

The K Visa initiative is part of China"s "Talent Power Strategy," which aligns with the country"s national priorities to enhance innovation as a key driver of economic growth. This announcement comes in the context of proposed reforms to the U.S. H-1B visa program, which includes a potential increase in fees by $100,000, a change that may influence global talent migration patterns.

For more information on related developments, see our coverage on recent developments in politics and similar situations in immigration.