Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Stocks & Markets Analysis
Views 3.3M Contents 5434

China's leisure, tourism feel chilly grip of COVID curbs

Chinese leisure and tourism business are feeling the bite of the Country's zero tolerance for covid-19 as cities with concerns over the virus have close entertainment venues, restrict tourism or delay cultural events. A total of 484 dosmetically transmitted cases with confirmed symptoms were reported from Oct 15- Oct 31 , mostly in the north of China. Many of the infections were contributed from tourist who traveled across multiple regions thus complicating and prolonging contect-tracing efforts. Gross domestic product in July-September grew at the slowest in a year , partly dure to an outbreak over summer that affected over 40 cities.
- Covid 19 continues to rear its ugly head , putting China's economy growth into a standstill
- Tourism sectors continue to suffers due to Covid-19 restrictions implemented by China
- Many local infections found in the north and northwest part of China could be traced back to a source of virus bought in from overseas.
- China's zero tolerance policy is harming its country tourism industry with constant lockdowns
China economy has been taking hit after hit with evergande saga, crackdowns on technology companies and now covid lockdowns. If you are a short term investor, you might be weary of China's market right now. However if you are looking of long term investing opportunites, now might be the best time to look for weakness in the market.

$Genting Sing(G13.SG)$
If you wish to leverage on this , consider using DLCs
5x short $Genting 5xShortSG220328(DQOW.SG)$
5x long $Genting 5xLongSG230420(DUBW.SG)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
8
+0
Translate
Report
14K Views
Comment
Sign in to post a comment
    87Followers
    6Following
    72Visitors
    Follow