China is sending thousands of executives to the U.S. to work for companies bought by their Chinese rivals.
The number of Chinese expat employees working in the U.S. has spiked dramatically over the last decade, a trend experts say is linked to the explosion in takeovers of American firms.
"We've seen a huge surge," said Bernard Wolfsdorf, founder and managing partner of a U.S.-based immigration law firm. "Chinese companies are investing very heavily in America, and [they are] bringing in key executives and employees."
The U.S. granted 10,258 L-series visas to Chinese workers and their family members in 2015, more than four times the number approved in 2005, according to an analysis of government data by CNNMoney.
The L-1 visa allows companies with U.S. and foreign operations to move staff to America. The opportunity for employees to bring their families over is considered a bonus.
http://money.cnn.com/2016/07/21/news/economy/china-u-s-expat-visas/index.html?iid=Lead
The number of Chinese expat employees working in the U.S. has spiked dramatically over the last decade, a trend experts say is linked to the explosion in takeovers of American firms.
"We've seen a huge surge," said Bernard Wolfsdorf, founder and managing partner of a U.S.-based immigration law firm. "Chinese companies are investing very heavily in America, and [they are] bringing in key executives and employees."
The U.S. granted 10,258 L-series visas to Chinese workers and their family members in 2015, more than four times the number approved in 2005, according to an analysis of government data by CNNMoney.
The L-1 visa allows companies with U.S. and foreign operations to move staff to America. The opportunity for employees to bring their families over is considered a bonus.
http://money.cnn.com/2016/07/21/news/economy/china-u-s-expat-visas/index.html?iid=Lead