China tightens business visas for Indian executives disrupting corporate meetings
- Indian firms face Chinese visa rejection rates of up to 95%, with some seeing only 20-40% approvals recently.
- Companies are shifting meetings to Singapore, Thailand and Hong Kong after executives failed to get Chinese visas.
- Electronics and auto firms relying on Chinese suppliers for up to 50% of components are worst affected.
- China will introduce new entry regulations under State Council Decree No 841 from September 15.
Source: moneycontrol.com
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