In the first half of this year, the number of foreigners entering China exceeded 14 million, with over 8 million entering visa-free, a year-on-year increase of approximately 190%. Thanks to a series of opening-up policies such as expanding the scope of visa-free countries, more and more foreigners can now travel to China on a whim.
The International Monetary Fund (IMF) raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook (WEO) Update released on July 16.
China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector.
China has taken yet another step in opening up its bond market, with offshore investors set to receive permission to use onshore bonds — held under the northbound leg of the Bond Connect program — as margin collateral for the derivative trading-based Swap Connect.
The enduring relationship between China and Nepal is becoming more dynamic and vibrant over the years and the collaboration between the two opens broader opportunities for both to prosper together, says Nepal's Ambassador to China, Bishnu Pukar Shrestha.