Synopsis: A 2.7% year-on-year rise in retail spending in June and 3.1% in the following month indicates the positive results of the reform brought by the Chinese government. Strict Covid-19 restrictions in mainland China brought economic-social crises.
This year, China saw a surge in Covid-19 cases while other countries started to recover after two years of massive damage. Now slowly and gradually, China is coming to the track and trying to catch up with other countries. Chinese experienced the worst lockdown for almost a year which lead to economic crises.
The biggest lockdown in one of the major cities of China, Shanghai ended in May, and the increase in retail spending and online hotel bookings indicated the uprise in the tourism sector. A 2.7% year-on-year rise in retail spending in June and 3.1% in the following month indicates the positive results of the reform brought by the Chinese government. Strict Covid-19 restrictions in mainland China brought economic-social crises.
The surge in holiday reservations after the greatest lockdown on the mainland, which was in Shanghai, ended in late May suggested that tourism expenditure would be returning in the second half of the year, according to Fitch Ratings.
This upturn follows a decline in China’s travel numbers and revenue that peaked in the first half of 2022 and was almost cut in half from the same period in 2019 before the epidemic, according to Fitch.
Now government officials have started to curb the excessive mobility control by the local government to ease traveling in the major cities. The restrictions were first uplifted in Beijing and after that many cities experienced the same.
If you are thinking to travel to China then you need to wait for a while because overseas travelers are still banned. There is a number of places and things you can do in China.
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