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China has struck an agreement with Thailand to permanently waive visa requirements for each other’s citizens from March, the latest in a flurry of attempts by Beijing to lure back foreign tourists amid a struggling economy after years of self-imposed Covid isolation.

is siemens limited (500550) worth holding long term ✌️【Wealth Growth】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. The reciprocal visa-free scheme, announced by Thai Prime Minister Srettha Thavisin Tuesday, comes after Thailand in September waived visas for Chinese tourists until this February.

is siemens limited (500550) worth holding long term ✌️【Wealth Growth】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. The Chinese Foreign Ministry said mutual visa exemptions between China and Thailand “serves the fundamental interests of both peoples.”

“The government departments responsible for the matter are in close communication on the specifics. We look forward to the early implementation of the arrangement,” ministry spokesperson Wang Wenbin said at a regular news briefing Tuesday.

China is the world’s second largest economy, a global manufacturing powerhouse and a vast nation ofdizzying geography, rich culture and history that makes it a hugely rewarding place for tourists to explore. But it’s not the easiest country to travel to.

Periods of self-imposed isolation, labyrinthine visa rules, internet restrictions that forbid ubiquitous online tools like Google Maps and – more recently – the dominance of hugely successful but far from foreigner-friendly Chinese e-payment apps have long proved barriers to frictionless travel.

During the Covid-19 pandemic, China’s borders were all but shut for three years. But Beijing now appears to want tourists back.

is siemens limited (500550) worth holding long term ✌️【Wealth Growth】✌️ Expert guidance on stock market trends and real-time updates on stock indices, futures, and exchange rates. Make well-informed decisions and plan the best investment strategies for capital growth. The agreement with Thailand follows an existing visa-free scheme China has offered to six countries in a bid to boost foreign tourism as its economy struggles to recover.

In November, China announced a trial program to allow visitors from France, Germany, Italy, the Netherlands, Spain and Malaysia to enter visa-free for 15 days.

In December, 118,000 travelers from those six nations entered China without a visa under the new policy, theNational Immigration Administrationsaid Monday, without providing a breakdown by country.

Over 77% of them were visiting for sightseeing, leisure or business activities, according to the administration.

is siemens limited (500550) worth holding long term ✌️【Wealth Growth】✌️ Precise stock market trend analysis with expert insights into global markets, including stock indices, metals, and energy sectors. Leverage our data-driven predictions to maximize your returns. The visa-free entries accounted for 55% of the total number of visits to China from the six countries, which went up by nearly 30% compared to November, the administration said.

is siemens limited (500550) worth holding long term ✌️【Wealth Growth】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. The real effect of the policy remains to be seen, as tourists from countries far away, such as in Europe, typically tend to plan trips to China months in advance. Winters are also especially cold in much of China and so are not typically peak tourist season.

China has also made it easier for American tourists to visit by simplifying the visa application process.

From January 1, travelers from the United States no longer need to submit proof for round-trip air tickets, hotel reservations, their itinerary or an invitation letter to apply for a tourist visa, according tothe Chinese Embassy in the United States.

China has been seeking to woo more international travelers as part of its broader efforts to boost a sluggish economy facing numerous serious headwinds.

In August, it dropped all pre-entry Covid-19 test requirements for inbound passengers, offered business travelers the option to get visas on arrival and exempted visitors from some countries from fingerprint collection.

Last summer, WeChat and Alipay, China’s two biggest payment apps that have come to dominate everyday life,finally allowed visitors to link their foreign credit cards,enabling them to book taxis, ride the subway and pay for restaurants, hotels and shops across the near-cashless country.

But the return of international travelers to China has been slow and remains well below pre-pandemic levels.

In the first half of 2023, Chinese immigration authoritiesrecordeda total of 8.4 million entries and exits by foreign nationals, less than 30% of the number recorded during the same period in 2019, according to data released by the National Immigration Administration.

In the third quarter of the year, the number of entries and exits by foreignersroseto 8 million, still half the level from the same period in 2019.

is siemens limited (500550) worth holding long term ✌️【Wealth Growth】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. According to theMinistry of Culture and Tourism, Chinese travel agencies received477,800 foreign touristsin the first six months of 2023, accounting for just 5.58% of the same period in 2019. The ministry has not released data since the second half of last year.

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