A recent visa rule change allows Chinese tourists to visit the U.S. more often, and many believe this could have a major impact on America's tourism industry.

Under the new visa agreement, business and short-term tourist visas will be valid for 10 years, while student and cultural exchange visas will last for five.

Such visas previously expired after just one year.

Molly Line reported on "Happening Now" that during the recent APAC meeting in Beijing, President Obama eased visa restrictions.

This has led to an influx of Chinese visitors, not just to big cities like New York City and Los Angeles, but also smaller cities like Boston.

"By 2020, more Chinese will be visiting Boston than actual Bostonians living here," said Evan Saunders, CEO of China Attracts.

"Over 150,000 Chinese visited [Boston] last year, spending over $300 million in this city."

Line reported that those numbers are expected to increase to 500,000 visitors spending a billion dollars, prompting local businesses to more actively advertise to Chinese tourists.

"By 2018, the Chinese are expected to be the number one overseas visitor to America, perhaps as many as 100 million visitors a year," Line said.

Watch the clip above.