Economy

Policy dividends continue to be released, and multiple sets of data confirm the increased confidence of the international community in investing in China

2024-04-23   

The National Immigration Administration recently released national entry and exit data for the first quarter, showing that over 141 million people entered and exited the country at ports in the first quarter, showing a rapid growth trend, with a significant increase in the number of foreigners coming to China. Driven by a series of policies and measures to promote personnel exchanges between China and foreign countries, the flow of large airport ports such as Shanghai Pudong and Guangzhou Baiyun has also grown rapidly. With the gradual implementation of a series of visa free agreements and other entry and exit policies in 2024, China has entered a "visa free era" with many countries such as Singapore, Malaysia, and Thailand. At the same time, many countries and regions have provided convenience for Chinese citizens to obtain visas upon arrival. At the entry and exit site of Shanghai Pudong Airport, there is a constant stream of passengers traveling. Data shows that in the first quarter, 4.85 million mainland residents chose to enter and exit through the Pudong Airport port, which is about 3.7 times the same period in 2023 and exceeds 70% of the total number of inbound and outbound personnel at the port. It is the main force of inbound and outbound passenger flow at the port. In the first quarter of 2024, more than 170000 foreigners entered through the Pudong Airport port without visas, an increase of 23.6% compared to the same period in 2023. Among them, over 70% of visa free individuals come to China for tourism or business purposes, further indicating that the visa free policy greatly promotes foreign nationals to come to China for economic, trade and tourism, and enhances the international community's confidence in investing in China. In recent days, at the Baiyun Airport Port in Guangzhou, foreign merchants have been flocking to attend the 135th Canton Fair. Since April, the inbound and outbound traffic at Guangzhou Baiyun Airport has significantly increased, with over 720000 inbound and outbound personnel. Compared with the same period in 2023, there has been a significant increase in inbound foreign personnel, a year-on-year increase of 160%. At the same time, influenced by the favorable policy of visa exemption, the number of inbound passengers from Singapore and Malaysia at Baiyun Airport has continued to increase, reaching a total of 23000 and 63000 respectively, an increase of 3.6 and 4.8 times year-on-year in 2023. Due to the continuous release of the "visa free+visa free" policy dividend by the National Immigration Administration, in the first quarter, the number of foreign nationals entering the Baiyun Airport port without visa has exceeded 110000. The popularity of cross-border and border tourism is gradually increasing. Riding international trains and taking cross-border buses, with the continuous optimization of entry and exit policies, a "cross-border travel" that is easy to go has become the first choice for many people's holidays. The popularity of cross-border and border tourism is gradually increasing. On April 13, 2023, the international passenger train of China Laos Railway will officially open. This economical, convenient, and comfortable mode of transportation has quickly become the first transportation choice for many Chinese and foreign people for cross-border tourism, learning, business, and cultural exchange. Data shows that in the first quarter of 2024, the daily average number of inbound and outbound personnel at Mohan Port exceeded 5300, with the highest daily number exceeding 8000. Nearly 500000 inbound and outbound personnel from 71 countries and regions entered and exited Mohan Port, a year-on-year increase of 51.8%. Similarly, at Khorgos Port in Xinjiang, the number of passengers coming and going is one after another. At around 10:30 am every day, it is the busiest time for cross-border tourism and commercial exchanges between the two countries in the entry and exit hall of the port. With the proposal of the "Kazakhstan Tourism Year" in China, more and more Chinese and Kazakh citizens are traveling together

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