How Will the New Foreign Exchange Regulation Impact Chinese Tourism? On June 2, the Chinese State Administration of Foreign Exchange (SAFE) issued new regulations for overseas transactions with Chinese bank cards, requiring Chinese banks to report foreign transactions with domestic bank cards, including cash withdrawals, exceeding 1,000 RMB (US$147) to SAFE.
Mason Hinsdale/Jing Daily: https://jingdaily.com/new-anti-corruption-impacting-chinese-tourist-spending/
Six-month time to probe corruption cases against Indian government employees. Changing an over 50-year-old rule, the Indian government has set a deadline of six months to complete probe in corruption cases involving its employees.
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