China restricts travel abroad to keep money at home

China is discouraging its nationals from leaving the mainland – purportedly for anti-epidemic causes, however many sense additionally objectives to curb capital outflows. The transfer can have wide-reaching implications, together with for neighboring nations hoping for a revival of outbound Chinese tourism.

The National Immigration Administration mentioned on May 12 it might strictly restrict Chinese who can’t display the need for leaving the rustic whilst additionally tightening the necessities to obtain Chinese passports. It mentioned the brand new insurance policies have been geared toward combating folks from bringing the Covid-19 virus again to China from out of the country. 

The professional announcement got here after some Chinese netizens complained that that they had lately confronted additional scrutiny via customs officials at world airports. Some reportedly noticed officials minimize the corners off of folks’s passports or even the fairway playing cards of everlasting citizens of the United States.

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