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10-Year Visa For Chinese Business Travelers To US

November 10,2014 –
Screen Shot 2014-11-10 at 12.35.51 PMStudents,visitors and business investors can all visit the US and California more easily Wednesday when the US and China will inaugurate more generous visa stays. President Obama announced a new plan  to extend Chinese student visas to five years and business and tourist visas to 10 years – a move that should  boost jobs in the United States. Visas now are granted for one year. The president was in China today.
In a statement the White House said that “this arrangement will improve trade, investment, and business ties by facilitating travel and offering easier access to both economies.  Extended validity visas for students and exchange visitors will boost the bonds between our two peoples and facilitate travel for outstanding students from around the world who attend U.S. institutions of higher education.  As a result of this arrangement, the United States hopes to welcome a growing share of eligible Chinese travelers, inject billions in the U.S. economy and create enough demand to support hundreds of thousands of additional U.S. jobs.  Travelers will continue to be subject to all the same legal and security reviews that currently apply to visa applicants.”
Welcoming a Growing Share of Chinese Travelers.
China is the fastest-growing outbound tourism market in the world, and in 2013, 1.8 million Chinese travelers visited the United States, contributing $21.1 billion to the U.S. economy and supporting more than 109,000 American jobs.
Chinese travelers consistently rank the United States as their most-desired travel destination, yet less than 2 percent of total Chinese travelers come to the United States.
Chinese travelers cite ease of visa policies as the second most important factor in deciding where to travel, behind only cost.
A competitive visa policy will help us meet projections that suggest as many as 7.3 million Chinese travelers will come to the United States by 2021, contributing nearly $85 billion a year to the economy and supporting up to 440,000 U.S. jobs.

Benefit To California

California could be the first to feel a new wave of visitation.The state is already is the top U.S. destination for Chinese visitors, who spent a projected $2.2 billion in California in 2013. Chinese visitors spend about $2,500 per trip to California, far more than travelers from any other market say the golden state’s tourism association
California enjoys 280 nonstop flights per month from China. Total seat capacity reached a record 1.2 million annually in 2013.
Meanwhile investment by the Chinese in business and real estate here is surging. A recent report adds some perspective.
“California, with its long history with China, the most sizable Chinese American population in the country, and more inward investment deals from China than any other state, is in a position to lead the nation in attracting Chinese investment in the decade to come. The Golden State has the potential to attract between $10 billion and $60 billion of Chinese direct investment by 2020.”
This summer an LA Times article said “Tourism from China into Los Angeles nearly quadrupled last year to 570,000 visitors, up from 158,000 in 2009, according to a new report from the Los Angeles County Economic Development Corp. The LAEDC thinks the county could see as many as 2 million Chinese tourists annually by 2020.
A few years ago, China wasn’t among the 10 largest sources of overseas travelers into the Southland; now it’s the top generator. Nearly half of all Chinese journeying to the U.S. stop in California; nearly three-quarters of those come to Los Angeles.”
A number of Chinese come to stay a while and invest here buying hotels, homes and businesses.
In the San Joaquin Valley Chinese investors are in escrow  to buy a Lindsay  food processing plant  and talks are underway with  the California High Speed Rail Authority about both investment and contracting to construct the bullet train.
Last month newspapers reported” One of China’s top train manufacturers may show on Wednesday that it wants a piece of California’s planned US $68 billion high-speed railway project.
Wednesday is the deadline for companies or groups to submit an expression of interest for a contract to supply up to 95 trains, and China CNR Corp, its unit Tangshan Railway and US-based SunGroup USA, will be among those submitting an expression of interest, Reuters reported on Tuesday.”
Last year 20 business leaders from the Shanghai region to the City of Fresno to meet with City officials to learn about the many food and water related business and investment opportunities that the Fresno region has to offer.

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