People in China are moving past the pandemic and going out to travel, preliminary data for the Lunar New Year holiday show.
In the first quarter of 2022, the uninsured rate dropped to an all-time low of 8%, according to the report.
Nike’s CEO John Donahoe said the company is “really focused” on Gen Z consumers in China and aims to see inventory levels normalized by the end of the fiscal year.
The public health emergency extension occurs amid concern that the nation may face another wave of hospitalizations from the disease this winter.
Mainland China has reopened its borders, and citizens eager to travel are booking not just flight tickets, but also vaccination appointments.
The surge in Covid-19 cases in China is impacting the completion of manufacturing orders, according to CNBC Supply Chain Heat Map data.
European nations agreed to recommend imposing new restrictions on travelers from China amid fears of an increase in Covid cases.
The WHO does not have any data yet on the severity of XBB.1.5, but there’s no indication it makes people sicker than previous subvariants, top official said.
In a year of stringent Covid controls, some Chinese startups that survived found growth online and overseas.
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