The escalating U.S.-China trade war has led to significant price increases for American consumers, particularly on Chinese-made goods. In response, many are turning to China for more affordable shopping options. China has implemented two key policies to attract foreign shoppers: For example, a luxury handbag that retails for $2,000 in China could cost over $4,900 […]
Business
“China Inbound Tourism Development Report 2024–2025” Released — Growing Demand for Travel to China Continues
The China Tourism Academy recently released the “China Inbound Tourism Development Report 2024–2025” (hereinafter referred to as the “Report”). Inbound tourism has become a significant indicator of China’s high-level openness to the world. With the continuous implementation of facilitation policies regarding visas, payments, and accommodations, the inbound tourism market in 2024 has shown a clear […]
Alipay’s “Foreign Card Linking” service has expanded to seven major international bank cards, providing more convenient payment for foreign travellers
On February 25, Alipay and American Express announced a new partnership, allowing eligible American Express cardholders worldwide to link their cards to Alipay for spending in China. With this, Alipay’s “foreign card linking” service has expanded to seven major international bank cards, effectively covering the majority of global bank card brands. This move will help […]
