BTIG Accuses Rival Broker StoneX of Stealing Trading Technology
BloombergNov 15, 2023
The Facts
China's Foreign Ministry announced on Friday that citizens of France, Germany, Italy, Malaysia, the Netherlands, and Spain will be exempt from visas for business, tourism, visiting relatives and friends, or transiting for up to 15 days from Dec. 1 until Nov. 30 next year.
Though no reciprocal policies between the PRC and the six countries have been immediately disclosed, Malaysia will reportedly offer Chinese nationals up to 30 days of visa-free travel. Beijing currently allows unilateral visa-free entry to passport holders of Singapore and Brunei.
The Spin
Pro-China narrative
China's latest tourism policy signifies its post-pandemic economic growth and resilience. By targeting these six countries, this initiative is poised to boost inbound tourism and attract foreign investment, revitalizing an industry still rebounding from COVID. This policy, along with ongoing visa improvements and previous expanded visa-free transit options, demonstrates Beijing's commitment to enhancing global trade relations and underscores the continued expansion of its economy.
Anti-China narrative
Announcing visa-free travel won't hide the economic woes Beijing is facing right now. The PRC's expected post-COVID economic rebound is not happening, and Beijing should be worried. Due to declining exports and imports, shrinking property values, and the remaining demographic effects of the one-child policy, China is looking at a depressing economy over the next decade.
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