China to lure more foreign workers and investment by relaxing ‘green card’ rules

China is hoping to attract more overseas talent and investment by making it easier for foreign nationals to obtain a “green card”.
Permanent residency was presently open to too few foreign nationals and standards for granting the status were too high, said state news agency Xinhua, quoting a directive from the State Council and the Communist Party’s Central Committee.
Under present regulations, which came into effect in 2004, foreigners holding permanent residency do not need a visa to enter the country. They may invest, drive and enrol their children in schools without requiring further approvals or paying extra fees.
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Until last June, only those foreigners who worked in government departments or laboratories of “key national projects” could apply for the status.
The rule was then relaxed to include researchers at more institutes, including those with international funding.
The directive yesterday said foreign nationals in other industries should also be allowed to apply for the status – but it did not specify which ones.
It urged all levels of government to simplify application procedures.