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Visa free policy ignites enthusiasm among Thais to travel to China

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Visa free policy ignites enthusiasm among Thais to travel to China

2024-04-23 20:10 Last Updated At:04-24 00:25

The mutual visa exemption policy between China and Thailand has ignited the enthusiasm among the Thais to travel to China's Yunnan Province.

China and Thailand signed an agreement on mutual visa exemption in late January and it came into force on March 1.

Data from China's major online travel agency Trip.com showed that on March 1, the number of Chinese tourists to Thailand increased by more than 30 percent year on year, while travel orders from Thailand to China surged by threefold year on year, an increase of more than 160 percent compared with that of 2019.

Travel agencies in Yunnan have seen an increase in international business since then.

Data from the border inspection department show that Yunnan has seen 28,466 entries since March 1, an increase of 276 percent compared to that of one year ago.

Yunnan Dilang International Travel Service, which mainly offers group travel tour experience for foreigners, has served about 600 inbound tour groups after entry into force of the China-Thailand mutual visa exemption agreement.

"We have seen rapidly increasing demand not only from Thailand, but also from Vietnam and other Southeast Asian countries. Thanks to visa-free policies, sufficient flights, and rich festive activities in Yunnan, travel demand from Southeast Asia has grown exponentially," said Li Qian, deputy general manager of Yunnan Dilang International Travel Service.

Some popular destinations such as Erhai Lake, Yulong Snow Mountain, UNESCO World Heritage Site -- Old Town of Lijiang as well as local specialty foods and drinks, cultural products, folk and ethnic performance are very popular.

"I like the natural scenery of Yunnan. I have shared videos on social platforms, and some of my friends want to follow the same tourist route," said Wilallak, a Thai tourist.

Visa free policy ignites enthusiasm among Thais to travel to China

Visa free policy ignites enthusiasm among Thais to travel to China

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China's chip industry investment fund raises 114 billion yuan from major banks

2024-05-28 17:59 Last Updated At:18:07

China's National Integrated Circuit Industry Investment Fund, also known as "Big Fund," has been funded from the country's six major banks in its third phase, according to announcements released by these banks on Monday.

The Bank of China, ICBC, and China Construction Bank are among the lenders which will make a total investment of 114 billion yuan (about 15.7 billion U.S. dollars).

Insiders said that areas of investment have yet to be determined, but the fund is likely to focus on equipment, materials, and parts for large chip factories and other stranglehold areas.

Analysts also expected the fund to list high-value added dynamic random-access memory chips as a target of investment.

China's chip industry investment fund raises 114 billion yuan from major banks

China's chip industry investment fund raises 114 billion yuan from major banks

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