Recent developments highlight how global competition is shaping up. China has launched a new K visa program in response to US visa fees.

This new visa targets young professionals educated in STEM fields and offers advantages such as multiple entries and long stay periods. This presents a significant opportunity, especially for professionals from India and South Asia.

The Chinese Foreign Ministry has reacted strongly to the US's cancellation of visas for Chinese students. This could negatively impact relations between the two countries.

Experts suggest that China's K visa program has the potential to attract young talent from the region. These developments could change the dynamics of global competition.

The increase in US visa fees has driven the Indian rupee to its lowest level in history. This situation could negatively impact India's IT sector.