Economists are scrutinising the holiday season for glimmers of rebounding consumption. Read more at straitstimes.com.
on Wednesday ahead of the expected Friday peak of its Chinese New Year mass migration, as China’s leaders looked to get its Covid-battered economy moving.
National Immigration Administration officials said that, on average, half a million people had been moved in or out of China per day since its borders opened on Jan 8, state media reported. Travellers bustled through railway stations and subways in Beijing and Shanghai, many ferrying large wheeled suitcases and boxes stuffed with food and gifts.
The infection rate in the southern city of Guangzhou, capital of China’s most populous province, has now passed 85 per cent, local health officials announced on Wednesday.
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