Ask the Expert: See the best of China by rail



Do you have any recommendations for long rail trips through China next year? We would like to see Beijing, the Three Gorges, Xian's Terracotta Warriors and other places of interest, but not Shanghai because we've been there before. How do we obtain visas for the trip? Would the Chinese consulate in Dubai be able to help with this?

There are several travel companies that organise railway trips with itineraries structured around various cities across China. Although most of these tours can be customised, it might not be possible to exclude a visit to Shanghai if you are interested in seeing the Three Gorges dam - it is located on the Yangtze River, and most tour routes along the river usually begin or end in the port city.

Travel Tips&Advice

On a budget? Tight schedule? Whatever your quandary, seasoned travellers help you make the most of your destination.

Beijing Tours has a 12-day trip through Beijing, Xian, Guilin, Guangzhou and Hong Kong. Top attractions include an exhaustive tour of Beijing; visits to the Terracotta Warriors, City Wall and Great Mosque in Xian and the famous Tiger Hill in Suzhou. Prices start at US$1,650 (Dh6,000) per person, based on two sharing, with airport transfers and local transport, breakfast, entrance fees to sites, the services of an English-speaking guide and sleeper train tickets between all the cities. Visit www.tour-beijing.com for more information.

Chinatraintickets.net has a staggering number of railway tours across the country to choose from, including a 13-day journey that combines rail travel with a cruise down the Yangtze. You'll visit Beijing, Xian, Chengdu, Chongqing and Yichang, with stops at Bejing's major attractions, such as the Forbidden City, Tiananmen Square and the Summer Palace; the Terracotta Warriors and Goose Pagoda in Xian, and various other places along the way. The tour ends in Shanghai but can be customised on request. From $1,430 (Dh5,252) per person, based on two sharing, including transfers and all local transport, guides, some meals and soft-sleeper train tickets. visit www.chinatraintickets.net for more information.

China Holidays (www.chinaholidays.com) has an eight-day trip through Beijing, Taiyuan, Pingyao and Xian that costs from $826 (Dh3,033) per person, based on two sharing, with most meals, local transport, entrance fees, services of an English-speaking guide, domestic travel insurance and soft sleeper train tickets. All prices exclude international airfare.

The Chinese consulate in Dubai accepts applications for visas to mainland China (as well as Macau and Hong Kong). It normally takes four working days for a visa to be issued, but the process can be expedited for an extra fee. For a detailed list of requirements and documents needed for obtaining visas to China, look under "consular services" on the website.

Do you have travel questions or queries? Email them to us at travel@thenational.ae

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Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

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