Shanghai and Shenzhen Relax Home Purchase Restrictions to Revitalize Real Estate

China’s major cities, Shanghai and Shenzhen, are poised to loosen restrictions on home purchases in an effort to revive their struggling real estate markets. The move, which includes eliminating eligibility checks and allowing out-of-town buyers, aims to attract investors and boost demand in the sector. This decision aligns with broader economic stimulus measures implemented by the Chinese government, including monetary easing and property support, to achieve the 2024 economic growth target of approximately 5%.

Thailand Unveils Visa-Free Entry for 93 Countries, Boosting Tourism and Economy

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.

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