According to the aviation regulator on Thursday, China’s air passenger numbers dropped 45.16% year on year over Lunar New Year. This was despite signs of a quick recovery emerging due to China’s success in curbing domestic transmission of the coronavirus. Over the 7-day holiday period, passenger numbers were at 3.57 million, the Civil Aviation Administration …
China’s air passenger traffic 45% less over lunar new year Read More »
China hotels and restaurants face a lacklustre Lunar New Year holiday this year with travel curbs and stay-at-home orders. The government advises people to avoid big gatherings would likely be a blow to China’s domestic tourism this year. The Chinese Lunar New Year traditionally kicks off one of the country’s biggest spending sprees. Government figures …
China’s Restaurants & Hotels Face Gloomy Lunar New Year Read More »
Shares in Asia were lower on Thursday as tight liquidity conditions in China curbed buying at this time. Hopes for a large U.S. stimulus and abating retail frenzy all supported risk sentiment. U.S. bond prices extended their decline as the 30-year yield hit its highest level since March. It followed stronger economic data and a …
Short-term money rates in China extended rallies to over 21-month highs. Investors worry that policymakers may be starting to shift to a tighter stance. This is in cooling gains in share prices and property markets. Its central bank has not been making net liquidity injections into the banking system. That is to meet strong demand …
China Money Rates Reach 21-month High on Holiday Demand Read More »
As part of limiting the spread of COVID-19, China has discouraged travel is usually the busiest time. However, either way, those who are going must present a nucleic acid test with negative results. They should get the test seven days before returning home. Many Chinese have decided against booking a flight for the mid-February holiday. …
China’s Peak Lunar New Year Air Travel Season Approaches Read More »
China will provide necessary policy support for the 2021 economic recovery to avoid a “policy cliff.” Small companies remain beleaguered amid the pandemic, said a senior official at the state planner on Tuesday. The Chinese economy sped up in Q4, with growth beating expectations. It got through a rough COVID-19-stricken year in remarkably good shape. …
China to Support Economic Recovery, Plans to Avoid ‘Policy Cliff’ Read More »
Asian shares rose on Tuesday as investors’ confidence in China’s economic strength would help support growth in the region. That is even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Monday’s data had confirmed China as one of the few to grow over 2020. Moreover, it picked up speed as …
Shares Up over China’s Economic Recovery, Earnings in Focus Read More »
On Monday, a senior EU official announced that the European Union and China would likely secure an investment deal this week. That would give EU companies much better access to the Chinese market and protection for their assets, the official said. Talks on the agreement launched in 2014; however, they were pending for years. The …
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