Beijing, a major hub for artificial intelligence and semiconductors in China, is touting a new list of incentives to try to bait foreign talent for its equivalent of Silicon Valley in the Chinese capital. New foreign hires at Zhongguancun Science Park will enjoy generous visa terms and more will also get the coveted permanent residence certificate, which confers greater freedom of cross-border travel as well as local economic benefits. In 2017, Beijing processed a total of 662 applications, in from foreigners seeking permanent residence under a scheme to attract talent in sectors ranging from culture to tech. The Beijing municipality has said it will even consider allowing foreign professionals to bring in their own foreign maids, currently illegal in Beijing.
(Source and Image: Reuters)