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Developing inbound tourism requires efforts far beyond relaxing visa requirements
However, to effectively reestablish China as a popular tourism destination for international travelers, authorities need to go beyond relaxing visa requirements to improve their travel experiences
China’s economy faces more opportunities than challenges in 2024
With a low inflation rate and low debt level with the central government, there is still ample room for China to adopt more proactive fiscal and monetary policies to boost the economy
China seeks balance between short-term stability and long-term growth transition
As the meeting recognized that insufficient effective demand is the first problem now, expansionary fiscal policy should pay more attention to boosting consumption
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Risk aversion remains the primary task for China’s financial policy
It signaled that the overall focus of China's financial policy in the coming period is on strengthening financial supervision and the prevention and resolution of financial risks
The EU’s embrace of protectionism will only result in a ‘lose-lose’ situation
In the long run, it will not be able to stop the rise of China’s EV cars, nor boost the competitiveness of European car makers
China needs to push forward institutional reform to attract foreign investment
With growing external and internal challenges, China should further liberalize restrictions over foreign investment to enhance foreign investors’ confidence in the Chinese market