Beijing, Sep 22 (PTI): China on Monday declined to comment on US President Donald Trump's move to impose a hefty USD one lakh fee for H-1B visas, but at the same time invited global professionals to work in the country as it prepares to roll out a new employment visa next month.

On Friday last week, the Trump administration announced a USD 1,00,000 fee on H-1B visas. The fee is a one-time fee on submission of a new H-1B petition.

“China will not comment on the US visa policy,” Chinese Foreign Ministry spokesperson Guo Jiakun told a media briefing here when asked about Trump's decision.

However, at the same time, he said in the era of globalisation, cross-border talents promote technological and economic progress globally, and Beijing welcomes global professional talent to explore opportunities in the country.

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China welcomes “talents from various industries and areas across the world to come and stay in China, jointly contribute to the progress of the human society and achieve success in their careers”, Guo said.

Indians account for nearly 71 per cent (over 2.8 lakh) of all H-1B visas, followed by Chinese professionals with around 11.7 per cent or over 46,600.

While the US tightens its visa regime, China last month announced a new work permit called K-Visa under which qualified professionals from across the world can come to the country and explore work opportunities.

The K-Visa, set to take effect from Oct 1, is aimed at attracting young science and technology talent and does not require a domestic employer or entity to issue an invitation.

According to the state-run Xinhua news agency, the new visa category was approved by the State Council and signed into law by Premier Li Qiang last month as part of amendments to the country's entry and exit regulations.

China's silence on the H-1B issue comes against the backdrop of trade negotiations with the US, where student and work visas are also under discussion.

Trump and Chinese President Xi Jinping last week spoke over the phone, during which they reportedly agreed to the US takeover of the popular Chinese app TikTok.

The US and Chinese trade negotiators concluded their fourth round of talks in Spain last week to reach a trade deal on tariffs.

As per the decision, China will add the K-Visa category to its existing 12 ordinary visa types, available to eligible science and technology professionals.

Compared to the existing visa types, K visas will offer more convenience to holders in terms of the number of permitted entries, validity period, and duration of stay.

K-Visa holders can also engage in education and cultural exchanges, science and technology activities, and entrepreneurship and business.

"China's development requires the participation of talent from around the world, and China's development also provides opportunities for them," Xinhua quoted an official as saying.

Separately, China has also announced visa-free entry for tourists from over 40 countries for short-term stays to boost travel.

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Amritsar (PTI): Former president Ram Nath Kovind on Friday said that with digital transformation, economic reforms and a strong focus on the ease of doing business, India is moving towards becoming a global economic powerhouse.

He was speaking after inaugurating the 19th edition of the Punjab International Trade Expo (PITEX) in Amritsar.

The former president said that this 19th edition of PITEX is being organised at a time when India is recognised as one of the fastest-growing large economies in the world.

Speaking at the inaugural ceremony of the event organised by the PHD Chamber of Commerce and Industry (PHDCCI) the former president, while referring to Punjab, said the state is a living example of courage, sacrifice and enterprise.

"The spiritual light of Sri Harmandir Sahib (Golden Temple) inspires peace and humanity across the world. The heritage of Punjab is deep and inspiring," Kovind said, according to a statement issued by the PITEX.

The former president congratulated the PHDCCI for hosting the 19th edition of PITEX and suggested that the chamber should expand PITEX outside Punjab.

He proposed that a similar event should also be held in New Delhi.