China Announces a New K-visa for STEM Graduates

Beijing is making it easier for global science and tech talent to visit or do business in China. Chinese officials opened a new K visa for graduates in science, technology, engineering and math to do research and start companies. This comes as the U.S. is cutting research grants and choking H-1B talent visas. Overseas, analysts say America’s loss could be China’s gain. But within China, there is a lot of anger over the K visa. Marketplace’s China correspondent Jennifer Pak explains from Shanghai.