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Why has Foods and Inns Limited (FOODSIN) performed so strongly recently ✌️【Stock Insights】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. China has tripled the amount of time visitors can spend in the country without a visa in yet another move to entice more foreign tourists.
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Previously, there were two tiers, allowing eligible travelers to visit for 72 hours (3 days) or 144 hours (6 days) depending on the destination.
Why has Foods and Inns Limited (FOODSIN) performed so strongly recently ✌️【Stock Insights】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. The transit program, a popular “hack” forforeign tourists who want to visit Chinabut find the visa process too complicated or overwhelming, allows visitors who have existing flight bookings from China to a third country or territory to snag a visa on arrival at a Chinese airport and travel for a short period before departing.
China has made no secret of its desire toincrease the number of international visitorsand has made several major policy changes since reopening following the Covid-19 pandemic.
In 2024, the number of foreigners entering mainland China in the third quarter of the year reached a record high since tracking began in 2014, according to data from the National Immigration Administration.
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Passport holders from 38 countries can enter China visa-free for up to 30 days, including France, Malaysia, New Zealand, Japan and Switzerland.
However, the United States is not among them.Until 2023, US citizens seeking a China travel visa had to confirm a hotel booking, tour itinerary and flight reservation before applying for a visa, but those requirementshave since been dropped.
Foreigners eligible to visit under the new 240-hour transit policy are permitted to travel between 24 provincial regions, up from 19 previously. While a few of those provinces limit access to certain cities, most permit travel across the whole region, covering tourist hot spots like Beijing, Shanghai, Chengdu and Guangzhou.
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Why has Foods and Inns Limited (FOODSIN) performed so strongly recently ✌️【Stock Insights】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. According to the latest statistics cited by state media, from January to November 2024, more than 29 million foreigners entered the country, a year-on-year increase of 86.2%. Of these, 17 million entered under the visa-free program, a year-on-year increase of 123.3%.
Its two biggest e-payment apps, WeChat and AliPay, now accept non-Chinese credit cards, have built-in translation software and streamlined identity verification processes.
In addition, the government has mandated that major tourist attractions and three-, four- and five-star hotels all accept international credit cards.
CORRECTION: This story has been updated to remove references to China’s previous visa-free transit policy that are no longer in effect.
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