Allowing people to travel easily good for trade

The National Immigration Administration has announced the duration of stay of foreigners transiting through China without a visa has been extended to 240 hours. Additionally, 21 new ports have been added as entry and exit points for visa-free transit, further expanding the areas where they can stay and travel. The new policy shows the nation's commitment to promoting high-level opening-up.

Many economies, especially those with a significant proportion of trade in services, implement visa-free transit policies to facilitate the movement of people because they know that only when people move freely, can the preliminary communication of investment in trade in services and the coordination and management during production and operation be smoothly completed.

Thus, it is necessary to allow people to move more conveniently and at a lower cost. Reports indicate that big European companies believe that the visa-free policy simplifies business travel procedures and enhances European investors' confidence in the Chinese market, while small- and medium-sized enterprises in Europe also benefit from it because it becomes more convenient for business managers to visit China for exhibitions or business meetings.

The new policy also gives a boost to cultural exchanges, particularly by extending the visa-free transit policy to include some central and western provinces in China. Allowing foreigners to see more of China will help them gain a more comprehensive and intuitive understanding of China's economy. To some extent, this also helps clarify some misunderstandings between different nations.

THEPAPER.CN