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China, Australia to provide reciprocal access to multi-entry visas of three to five years' duration

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China, Australia to provide reciprocal access to multi-entry visas of three to five years' duration

2024-06-18 17:27 Last Updated At:20:17

China and Australia have agreed to provide each other with reciprocal access to multiple-entry visas of up to three to five years' duration for tourism, business, and visiting family members, said a Chinese Ministry of Foreign Affairs spokesman on Tuesday.

Lin Jian, the spokesman, made the statement at a press conference in Beijing in briefing on Chinese Premier Li Qiang's two-day official visit to Australia from Sunday to Monday, and the major outcomes of Li's meeting with Australian Prime Minister Anthony Albanese.

"The two leaders agreed to uphold the definition of China-Australia comprehensive strategic partnership, consolidate the momentum of improvement and growth in bilateral relations, and jointly safeguard regional and global peace, stability and prosperity," he said.

"The two sides announced that they will hold the 10th meeting of the China-Australia Joint Science and Technology Commission, the 8th China-Australia High-Level Dialogue, and the 8th China-Australia Ministerial Dialogue on Climate Change in Australia within this year. They confirmed plans to resume the China-Australia Strategic Economic Dialogue in 2024 and agreed to hold the next annual meeting between the prime ministers of the two countries in 2025. The two sides welcome further increase of people-to-people exchanges," said the spokesman.

"China will include Australia in its unilateral visa waiver program, and the two sides agreed to provide each other with reciprocal access to multiple-entry visas of up to three to five years' duration for tourism, business, and visiting family members," he said.

China, Australia to provide reciprocal access to multi-entry visas of three to five years' duration

China, Australia to provide reciprocal access to multi-entry visas of three to five years' duration

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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