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Students in Mumbai celebrate their U.S. visas. Photo: Pratik Chorge / Hindustan Times / Getty

For decades, the U.S. has been the No. 1 destination for international students seeking a foreign college or graduate school education. The U.K. has been second. But in recent years, China has suddenly appeared in the No. 3 slot, and Allan Goodman, president of the Institute of International Education, tells Axios that it is on track to overtake the U.K. and capture No. 2 this year.

Why it matters: A large percentage of entrepreneurs and workers in the U.S. tech industry is foreign-born, many of them former students at U.S. universities. President Trump's anti-immigrant rhetoric and mass shootings are deterring a still-unknown number of international students from studying in the United States.

  • "We have a real competition for international students," Goodman said.
  • Canada and France have made big pushes to attract those students, in addition to top-tier international graduates of U.S. programs, to work in their tech and science-based industries.
  • But less attention has been paid to China, which has put billions of dollars behind goals of dominating future industries around artificial intelligence, quantum computing and electric cars.

It's not clear where this fresh influx of students is from. Until 2015, the latest data available, South Koreans were the vast majority of international students in China, with Americans right behind them, according to the IIE.

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Dunkin' Brands agrees to $11B Inspire Brands sale

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Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

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Federal judge halts Trump administration limit on TikTok

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A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.