China will continue to optimize visa policies to better facilitate cross-border travel as the country has seen a steady increase in inbound arrivals.
The National Development and Reform Commission, China's economic planner, released 24 new measures on Aug 16 that will help the Hongqiao International Opening-up Hub attract more multinational companies' regional headquarters.
Shanghai will build itself into a world-class cruise hub by 2035 and aim to draw in 3 million cruise tourists annually by 2025.
China has issued 24 new guidelines to attract more global capital and further optimize the country's business environment for multinational corporations.
Recent efforts to improve the business climate for foreign businesses, including measures to facilitate the entry of company executives and their family members, will help China integrate more deeply into the global economy, said officials and experts.
Shanghai's two action plans to develop cross-border e-commerce and the exhibition sector will consolidate their role as the new economic drivers and help the metropolis achieve high growth, local officials said on July 20.
China issued a guideline on July 19 for promoting the development of the private sector, signaling the latest push for supporting and reinvigorating a key sector in order to revive economic recovery amid downward pressures.
Shanghai's new guideline to nurture new-age service providers that operate internet-based platforms to aid producers and manufacturers will help meet rising demand in the real economy and promote high-quality economic development, local officials said on July 18.
