This a Bloomberg (gated) headline after China’s week-=long Lunar New Year holiday:
China Celebrated Lunar New Year Like COVID No Longer Exists
Main points from the article:
More than 300 million trips were made during the holiday, nearly 90% of pre-pandemic levels, according to the Ministry of Culture and Tourism.
Tourist spots were swamped
movie theaters were packed
“Pent-up demand is being released as many people rush to scenic spots, watch firework shows and crowd into restaurants and hotels,” Ting Lu, chief China economist at Nomura Holdings Inc., wrote in a note on Thursday. Government-released data “suggest the ‘exit wave’ is quickly coming to an end.”
Also from China over the weekend:
A bit of Mid-East tension too:
Oil is feeling the optimism, opening a little higher for the new week. The week is, of course, still young:
COVID-19
Covid-19
Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti
Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term
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