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‘China shock 3.0’ to be driven by AI, biotech and robot exports, economist says

The world is on the cusp of a “China shock 3.0” driven by exports of artificial intelligence (AI), biotechnology and robots, which could hit harder than the current wave, a leading economist on China has said. “We are already at the starting point of the China shock 3.0,” Alicia Garcia-Herrero, a senior fellow at Brussels-based think tank Bruegel and chief economist for Asia-Pacific at investment bank Natixis, told the South China Morning Post from Taipei after a virtual panel hosted by the...

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Public comments flood US government websites over proposed H-1B, OPT fee hikes

Kana Liu, a Chinese Canadian living in the US on a work visa, felt compelled to speak up. Faced with a Department of Homeland Security proposal to charge up to US$100,000 in fees for international students to work in the US after graduation under Optional Practical Training (OPT), she rushed to the government’s public comment portal. “I firmly oppose the proposed $70,000 initial OPT fee and $30,000 subsequent fee,” she wrote on the federal comment site on October 12. “They create undue barriers...

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