The People’s Bank of China (PBoC) implemented a significant monetary easing plan on Tuesday, slashing reserve requirement ratios and interest rates, resulting in a surge in Chinese stocks and a strong rally in US-listed ETFs focused on China. The move is seen as a proactive effort by Chinese policymakers to counter the economic slowdown.
Thailand introduces visa-free entry for 93 countries, including India, UK and UAE, to revitalize tourism and stimulate the economy. The move, part of a broader strategy to revive the global tourism sector, allows visitors from these countries to stay for up to 60 days. This new policy aims to increase tourist numbers to between 25 and 30 million annually. Thailand, known for its affordability and allure, welcomed around 24.5 million international visitors in 2023 and aims to attract more travelers with these new policies.
In an attempt to revive the beleaguered property market, China is exploring a proposal that would see local governments purchase millions of unsold homes across the country. This ambitious plan could represent a significant intervention by the Chinese government to address the mounting housing inventory and its negative impact on the economy.
