News Summary

• K-visa rolled out by Beijing last month is part of China’s widening effort to catch up with the U.S. China has been losing top talent to developed countries for decades.
• Many Chinese parents still see Western education as advanced and are eager to send their children abroad.
• With the jobless rate for Chinese aged 16-24 excluding students at nearly 18%, the campaign to attract more foreign professionals is raising questions.“The current job market is already under fierce competition,” said Zhou Xinying, a 24-year-old postgraduate student in behavioral science.