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China sees 28.7 pct increase in cross-border travel during May Day holiday

China

China

China

China sees 28.7 pct increase in cross-border travel during May Day holiday

2025-05-06 17:42 Last Updated At:21:27

About 10.9 million entry and exit trips made across China were recorded by Chinese border inspection agencies during the five-day May Day holiday, representing a year-on-year increase of 28.7 percent, according to the National Immigration Administration (NIA) on Tuesday.

The Chinese mainland residents made 5.78 million of these trips, and residents from Hong Kong, Macao, and Taiwan made four million, up 21.2 percent and 37.1 percent year on year, respectively.

Foreign nationals recorded 1.15 million entry and exit trips, rising 43.1 percent compared with the same period last year, according to the NIA. Notably, about 380,000 were visa-free entries, a 72.7 percent surge year on year.

The figures highlight the growing appeal and effectiveness of China's expanded visa-free policy in attracting international visitors.

China sees 28.7 pct increase in cross-border travel during May Day holiday

China sees 28.7 pct increase in cross-border travel during May Day holiday

China sees 28.7 pct increase in cross-border travel during May Day holiday

China sees 28.7 pct increase in cross-border travel during May Day holiday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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