A U.S. State Department official told the Journal that the EB-5 program—which grants visas to those who invest $500,000 in a range of development projects—has hit its quota of 10,000 visas for the fiscal year and won’t receive new applicants until Oct. 1. Chinese applicants made up about 85% of the 10,000 visas granted under the program. It’s the first time in the program’s 24-year history that the quota has been reached.
Wednesday, August 27, 2014
After Overwhelming U.S. Visa Program, Where Will China’s Emigrants Go Next?