Travelers began streaming into mainland China by air, land and sea on Sunday, as Beijing opened borders that have been all but shut since the start of the COVID-19 pandemic.
The increasing bullishness is being reflected in China’s exchange rate. The yuan is its strongest since mid-August, moving further away from the 7.00-per-dollar level. Analysts are split on whether this paves the way for the company to revive its IPO plans, or results in further delay.
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