Chinese consumers embraced their first long public holiday since Beijing ended restrictive zero-Covid controls. “It feels like the old life is back,” said one woman who took her first long-distance trip in three years.
Midway through first Lunar New Year break without pandemic restrictions, hotel bookings, box office sales signal spending revival
What’s seen as the world’s largest annual human migration is under way again in China for the Lunar New Year, after the country lifted pandemic restrictions. WSJ’s Yoko Kubota reports on how it’s expected to boost the economy–and the risk of new Covid-19 outbreaks.
Data released this week point to a sharp rebound in the tourism sector during the weeklong Lunar New Year holiday that started Saturday. Still, some economists cautioned that fully repairing consumer confidence—if that’s possible—will take a while longer.
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