The regulation I'm referring to seems like a pilot program in scope. It allows foreign students to work for and start tech businesses in the Zhongguancun area, as well as allowing people that have worked for 4 years or more for a technology company here to receive a residency permit. That's been exciting me the last 3-4 days since I heard of it, since I've been playing with the thought of doing exactly that.
It does feel like people well versed in technology are the bottleneck for startups over here. Investment is plenty, people with ideas are a RMB a dozen, but tech people knowing more than some PHP or how to set up Bootstrap? Not nearly as many, at least where I'm hanging out.
It's certainly an interesting couple of years ahead, as long as they keep tolerating us here.
The new visa regimes are interesting, but it hasn't seem to trickle down yet to us tech PhD people's. Really, China doesn't like foreigners, and they merely tolerate us, making us register at police stations after every trip, making us renew our visas yearly, not giving us access to the same services as natives.