India, Sept. 22 -- Amid growing concern over the United States' new $100,000 visa fee, China has announced a "K visa" to attract young science and technology professionals.

The move is part of amendments to China's entry and exit regulations, set to take effect on October 1, state-run news agency Xinhua reported.

Premier Li Qiang has signed a State Council decree formalising the amendments to China's regulations governing the entry and exit of foreign nationals, the report added.

The announcement said that applicants for the visa must meet the qualifications and requirements set by the relevant Chinese authorities and provide the necessary supporting documents.

The "K visa" offers several advantages over China's 12 ordinary visa categ...