As many as 51 per cent of those surveyed for study plan to delay international travel
More than half of Chinese say they will put off travel abroad, for periods from several months to more than a year, even if borders reopened tomorrow, a study showed on Tuesday, a sign that consumer recovery from COVID-19 measures will take time.
“People have become cautious,” said Imke Wouters, a retail and consumer goods partner at the firm. “So even when they can travel, we don’t think they will come back right away.” The survey, in late October, followed the 20th Congress of the ruling Communist Party in Beijing, which brought President Xi Jinping a precedent-breaking third term as leader, at an event many had hoped would herald an opening-up after COVID-19.
As many as 83% of the executives in China who responded to the survey said “a long road to consumer confidence recovery” was set to affect their mainland business over the next year. China’s household deposits increased to 13 trillion yuan for the period from January to September this year, up from 8.5 trillion for the corresponding 2021 period.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese cities ease curbs but full zero-COVID exit seen some way offBEIJING — More Chinese cities including Urumqi in the far west announced an easing of coronavirus curbs on Sunday as China tries to make its zero\u002DCOVID policy…
Read more »
Chinese immigration to Canada record high from 2015, as some flee zero-COVID strategy | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Chinese immigration to Canada hits new peak as some flee zero-COVID restrictions - National | Globalnews.caImmigration from China has bounced back from pandemic lulls to hit a new peak, according to Canadian government statistics.
Read more »
Chinese immigration to Canada record high from 2015, as some flee zero-COVID strategyChina's zero-COVID lockdowns have been linked to a rare wave of protests across the country in recent weeks, and immigration industry experts say the strict pandemic rules are also fuelling a surge in requests to live in Canada.
Read more »
Chinese immigration to Canada on the rise as some flee zero-COVID strategyChina's zero-COVID lockdowns have been linked to a rare wave of protests across the country in recent weeks, and immigration industry experts say the strict pandemic rules are also fuelling a surge in requests to live in Canada.
Read more »
Chinese immigration to Canada record high from 2015, as some flee zero-COVID strategyVANCOUVER — China’s zero\u002DCOVID lockdowns have been linked to a rare wave of protests across the country in recent weeks, and immigration industry experts say…
Read more »