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AKIPRESS.COM - China may make it easier for foreigners to apply for permanent residency in an attempt to attract more talented workers to the country, the authorities said.
The government is considering revising the regulations to apply for permanent residency with "more flexible and pragmatic application standards", the Organisation Department of the Central Committee of the Communist Party said, the China media said.
The green card system was introduced in China in 2004. Foreigners who meet a set of criteria can stay in the country for an unlimited period and enter without a visa.
The announcement to revamp the system comes after President Xi Jinping called for a more open policy to attract foreign talent. Xi said at a meeting with 50 foreign experts from 22 countries in Shanghai last month that government departments should improve the mechanism for bringing in talented foreign workers.
The government has rolled out a number of initiatives to attract overseas talent. One scheme called the "1,000 talent plan" has recruited about 4,100 overseas scientists since it was launched five years ago.
A report by China News Service, citing figures from the Ministry of Public Security, said only 4,700 foreigners were granted a green card between 2004 and the end of 2011.
Criteria for a successful application can include making an investment of at least US$500,000 and producing a good return on that investment for at least three years afterwards.