Chinese travel, consumption stocks rally as Beijing eases COVID rules

Shares of Chinese travel and consumer companies gained ground in Hong Kong after Beijing eased some Covid-19 restrictions, improving the outlook for sectors directly hit by the pandemic and the broader economic recovery.

China’s three major airlines, Air China Ltd. 601111, -3.11%, China Southern Airlines Co. 600029, +0.13% and China Eastern Airlines Corp. 600115, +1.14%, added between 2.2% and 5.1%, while travel retailer China Tourism Group Duty Free Corp. 601888, +3.65% climbed 7.1%.

Is it me or does it appear as if every policy our government enacts benefits the CCP, directly or indirectly.

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Covid outbreak worsens in southern Chinese city of GuangzhouCovid infections are surging in the capital of China's export-heavy Guangdong province, raising concerns of another drag on the economy. Corona 😷🤯 Considering covid-19 is a coronavirus it makes perfect sense its spreading, mutating, and lasting so long. This is why I didn't understand the lockdown they knew it wasn't going to 'go away' its not the bubonic plague its a CORONAVIRUS it being more 'severe' changes nothing. Is there going to be another lockdown like last time?
Source: CNBC - 🏆 12. / 72 Read more »