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.
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.
There's a 32% chance that the number of foreign nationals in Mainland China will fall between 2010 and 2030, according to the Metaculus prediction community.