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China's domestic and overseas tourism markets have witnessed their best business performances in three years during the Spring Festival break, after the government optimized the COVID-19 control measures.
Markets will rebound ‘faster than most people expect’ says HKEX CEO, as former Australian prime minister Kevin Rudd strikes a more cautious tone given geopolitical headwinds.
Executives of 21 private-sector businesses, including Alibaba, JD.com, Fosun and Blue Moon, appear in a CCTV programme that signals Beijing’s determination to revive entrepreneur confidence.
But officially, China has reported a small number of COVID deaths since the policy U-turn and has played down concerns about a disease that it was previously at pains to eradicate through mass lockdowns even as the rest of the world opened up. "China and the Chinese people will surely win the final victory against the epidemic," Chinese Communist Party mouthpiece the People's Daily said in an editorial, rebutting criticism of its tough anti-virus regime that triggered historic protests late last year.
The government has said it will increase flights and make it easier for people to travel abroad. Thailand, a major destination for Chinese tourists, is expecting at least five million Chinese arrivals this year, its tourism authority said on Tuesday.