China has made the decision to grant five-year multiple-entry visas to eligible business individuals from the five Mekong nations: Cambodia, Laos, Myanmar, Thailand, and Vietnam, as reported by China Central Television on Thursday.
This announcement was made by Chinese Premier Li Qiang during his address at the eighth Greater Mekong Subregion (GMS) Summit, which took place in Kunming, located in Southwest China’s Yunnan Province, from Wednesday to Thursday, according to the Xinhua News Agency.
In the first three quarters of this year, the import and export value between Yunnan and the five Mekong countries reached 78.92 billion yuan ($11 billion), representing 93.7 percent of its trade with the ten ASEAN countries, as stated by the Foreign Affairs Office of the Yunnan Provincial Government on Wednesday.
By September, Yunnan had achieved a total of $8.714 billion in non-financial outbound direct investment (ODI) in Mekong River countries, and 680 non-financial ODI enterprises had been registered and established in these nations, based on data from the Yunnan Provincial Department of Commerce.
