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China's Overseas Visitor Payments Surge 45% During May Day Holiday

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-- Overseas visitor payment transactions in China jumped 45% year on year during the five-day May Day holiday, with total value rising 37%, according to the People's Bank of China.

Foreign nationals' border crossings reached 1.3 million, up 13%. This included 436,000 visa-free entries, a 15% increase.

China UnionPay and NetsUnion processed 28.9 billion transactions totaling 7.85 trillion yuan, respectively rising 23% and 2.7%.

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