China to attract intl. startups

    China is aiming to attract more expatriates* to start businesses in the country amid efforts to attract international talent and entrepreneurs, a senior official said on January 29.

    Authorities will continue to introduce policy incentives* in different areas to support overseas talent, including funding, workspaces and consultation on business startups.

    China lifts limit for overseas online shopping

    China lifted* its overseas online transaction limit for each order from US$10,000 to US$50,000 in an effort to support cross-border e-commerce.

    The State Administration of Foreign Exchange (SAFE) is piloting a program to allow cross-border foreign exchange payment services to facilitate* overseas e-commerce transactions.

    Payment companies are allowed to open more foreign exchange accounts, but they have to register first and keep transaction information for five years so SAFE can perform regular checks.

    Collapse at school kills 1

    A construction worker died and 18 others were injured when a building collapsed at a school in East China’s Jiangxi Province shortly after midnight on January 29, local authorities said.

    The accident occurred at around 12:25 a.m. on January 29 at an unfinished eight-story gym at Jiangxi Science and Technology Normal University in the provincial capital of Nanchang, according to the city’s publicity bureau.

    72-hour visa exemptions

    Wuhan, capital city of Central China’s Hubei Province, will allow 72-hour transit visa* exemptions* for foreign nationals beginning in March, local authorities said on Sunday.

    Foreigners will be able to visit Wuhan without visas within 72 hours when they are en route to a third country or region via Wuhan Tianhe International Airport (WTIA), which currently allows 24-hour visa exemptions in a closed-off area of the airport.

    Wuhan will be the ninth city on the Chinese mainland to embrace the policy.(SD-Agencies)