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Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.
Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.
Hong Kong stock concept tracking | In the second quarter, the transportation to and from airports increased by 145% compared to the previous quarter. OTA platforms benefited from the need to improve infrastructure for inbound tourism. (Concept stocks atta
According to Ctrip's data, in the second quarter of 2024, inbound travel orders to China increased by 28% compared to the first quarter, and the demand for overseas travelers' ground transportation services accelerated. Inbound airport transfer orders increased by 145% in the second quarter compared to the first quarter. With the further expansion of China's visa-free policy, more and more inbound tourists are coming to China for travel, and the inbound tourism market continues to heat up. Recently, Alipay released data that the amount spent on Alipay by inbound guests in the first half of 2024 increased by 8 times year-on-year. Since the end of 2023, inbound tourists from 14 countries with visa exemption or mutual visa exemption agreements with China have used Alipay to consume in China in the first half of the year.
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