I currently hold a US visa and have been living with my family that resides in the US

Andrew, I think you'd better contact Chinese consulate in your area to confirm whether you can apply. You need to find a qualified Chinese employer who is able to hire foreigners. Then you need to apply for the work permit with the help of your employer. After that, you can submit your passport, filled application form, a passport size photo and your work permit to apply for the Z type.