China's Silicon Valley dangles carrots to lure foreign talent

Beijing, a major hub for artificial intelligence (AI) and semiconductors in China, is touting a new list of incentives to try and bait foreign talent for its equivalent of Silicon Valley in the Chinese capital. 

New foreign hires at Zhongguancun Science Park will enjoy generous visa terms and will also get the coveted permanent residence certificate, which confers greater freedom of cross-border travel as well as local economic benefits. 

Foreigners with permanent residence will also be allowed to head national-level innovation projects, and serve as the legal representative of new scientific research institutions in China, the Beijing municipal government said in a