男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Chinese tourism rebounds quicker than rest of world: WSJ report

chinadaily.com.cn | Updated: 2020-08-18 11:27
Share
Share - WeChat
The Lost Chamber Aquarium at Atlantis Sanya attracts around 6,000 visitors every day in July. [Photo by Ma Zhiping/China Daily]

Chinese tourism is rebounding as travelers stick to domestic trips due to the worldwide pandemic and the country's relaxed duty-free rules, the Wall Street Journal reported on Aug 11.

Inside China, holiday-making is recovering, thanks to the country's quick response in suppressing the novel coronavirus, the WSJ said, adding that China's economy has returned to growth in the second quarter, and Chinese sales have become a bright spot for many US companies.

Chinese tourism stocks surged as domestic travel has boomed, the report said, adding that investors are expecting domestic travel in China would recover faster than elsewhere, citing Sherwood Zhang, a portfolio manager at Matthews Asia.

Duty-free product sales in Hainan, a province well-known for tourism in China, have seen skyrocketing growth as the country raised the annual limit on duty-free purchases to 100,000 yuan ($14,360) per person and widened the category of duty-free goods, the report said.

The WSJ report noted that China's hotel chain Huazhu Group witnessed 97 percent of its domestic hotels reopening in the three months leading up to June, adding that internal flights are also bouncing back.

Huazhu had outperformed its US rival Marriott International Inc, the report said, citing Tom Masi, co-portfolio manager of the Emerging Wealth Equity Strategy fund at GW&K Investment Management in New York. Masi believes that Huazhu's performance can be attributed to China's effective control of the virus.

The manager also noted that Sands China, an integrated resort developer and operator in Macao, also performed better than its parent company, the Las Vegas Sands Corp, and he also believes China is more likely to return to normal earlier, the report said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 台南县| 房产| 湘潭县| 吉木萨尔县| 外汇| 正蓝旗| 汉阴县| 岳阳市| 娱乐| 肇源县| 芒康县| 万荣县| 成武县| 红原县| 陕西省| 游戏| 海伦市| 福建省| 广昌县| 中牟县| 兴隆县| 东港市| 蚌埠市| 从化市| 广宁县| 巴中市| 海丰县| 南京市| 东乌珠穆沁旗| 濮阳市| 色达县| 康马县| 玉树县| 元阳县| 界首市| 浑源县| 张家川| 城固县| 东方市| 平舆县| 长春市|