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China extends visa-free transit stay to 240 hours, adds more entry points

China

China

China

China extends visa-free transit stay to 240 hours, adds more entry points

2024-12-17 12:43 Last Updated At:18:37

China announced on Tuesday a significant relaxation of its visa-free transit policy, extending the permitted stay for eligible foreign travelers from the original 72 and 144 hours to 240 hours, or 10 days.

Effective immediately, 21 additional ports have been designated for visa-free entry and exit, and the areas in which transit travelers can stay have been expanded, according to a statement from National Immigration Administration.

Under the updated policy, eligible citizens from 54 countries, including Russia, Brazil, Britain, the United States and Canada, can enter China visa-free when transiting to a third country or region.

These travelers may now enter through any of the 60 ports across 24 provinces, regions and municipalities, and stay within the designated areas for up to 240 hours.

A notable feature of the policy adjustment is the introduction of cross-regional travel that allows foreign visitors to move freely across the 24 specified provincial-level regions during their 10-day stay.

China recorded nearly 29.22 million inbound foreign visits between January and November 2024, up 86.2 percent year on year. Of these, 17.45 million entered the country visa-free, marking a significant growth of 123.3 percent year on year.

China extends visa-free transit stay to 240 hours, adds more entry points

China extends visa-free transit stay to 240 hours, adds more entry points

China extends visa-free transit stay to 240 hours, adds more entry points

China extends visa-free transit stay to 240 hours, adds more entry points

China extends visa-free transit stay to 240 hours, adds more entry points

China extends visa-free transit stay to 240 hours, adds more entry points

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China to increase issuance size of ultra-long special treasury bonds in 2025

2024-12-17 17:21 Last Updated At:17:37

China intends to issue more ultra-long special treasury bonds in 2025, aiming to promote equipment renewal, encourage trade-in programs, and support major national strategies and projects, according to the Office of the Central Committee for Financial and Economic Affairs.

As of Dec. 12, driven by treasury bonds issued to promote large-scale equipment renewal and the trading-in of consumer goods, over 5.2 million new vehicles have been sold, generating more than 690 billion yuan (about 95 billion U.S. dollars) in sales revenue. Besides, over 49 million home appliances were sold through these programs, totaling more than 210 billion yuan (about 29 billion U.S. dollars), and more than 2 million old equipment sets were replaced.

These treasury bonds have also supported the development of more than 1,400 major projects, including the new land-sea corridor in western China, high-standard farmland in northeastern China, and the shelterbelt program in northern China.

Based on the progress made in 2024, China plans to issue more ultra-long special treasury bonds in the coming year, with a significant increase in bonds supporting equipment upgrades and consumption through trade-ins, the committee said.

Meanwhile, more products and sectors with high market demand and strong potential will be considered for inclusion in the scope of policy support.

In addition, the funds raised from treasury bonds will be carefully allocated to support key national strategic areas and projects, while improving the mechanisms and efficiency of their use.

China to increase issuance size of ultra-long special treasury bonds in 2025

China to increase issuance size of ultra-long special treasury bonds in 2025

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