According to Charles Oppenheim, the Chief of Visa Controls and Reporting
Division at the U.S. Department of State spoke at a recent IIUSA
conference in Washington D.C., if the current growth trajectory
continues for Chinese EB-5 investors investing in the EB-5 regional
center programs, he anticipates that the issuance of Green Cards to
Chinese investors will be suspended in the second half of 2013.
On a side note, the Chinese are the leading source of overseas students in the United States and only looks to increase. Besides receiving a green card, many EB-5 investors coming from this region are not only looking at colleges for their children, but more and more are looking to leave China to get their children in grammar schools in the United States.
(Great article in USA Today:
http://www.usatoday.com/story/news/world/2012/11/14/china-leadership/1704551/)
Here’s how the
Visa Bulletin For December 2012 from the Department of State explains it:
The following advisory is based strictly on the current
demand situation. Since demand patterns can (and sometimes do) change
over time, this should be considered a worst case scenario at this
point.
It appears likely that a cut-off date will need to be established for
the China Employment Fifth preference category at some point during
second half of fiscal year 2013 [i.e., April to September 2013]. Such
action would be delayed as long as possible, since while number use may
be excessive over a 1 to 5 month period, it could average out to an
acceptable level over a longer (e.g., 4 to 9 month) period. This would
be the first time a cut-off date has been established in this category,
which is why readers are being provided with the maximum amount of
advance notice regarding the possibility.
The above projection[ ] [is] for what could happen during … the next
few months based on current applicant demand patterns. The determination
of the actual monthly cut-off dates is subject to fluctuations in
applicant demand and a number of other variables which can change at any
time.
Read full article here:
Visa Bulletin For December 2012
