Golden Week: Half a Billion Travel as China Moves Past Covid-19

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • S&P 500 Tumbles in Worst Stock Rout Since June Amid More Virus Shutdowns
  • France and Germany Impose Strict Monthlong Lockdowns to Control Virus Spread
  • AOC Calls Trump’s Comments About Her Education ‘Classist and Disgusting’
  • Bloomberg QuickTake: Now published this video item, entitled “Golden Week: Half a Billion Travel as China Moves Past Covid-19” – below is their description.

    Almost half a billion Chinese people are on holiday during Golden Week, China’s biggest holiday week since January. After more than nine long, housebound months in the coronavirus pandemic, hotel prices shot up, ride-hailing apps crashed, tickets to the Great Wall sold out. With the Covid-19 pandemic largely under control in China, the Golden Week holiday is putting on display the country’s confidence in its economic rebound and its public health measures. Through the first four days of the week-long holiday that started Oct. 1, some 425 million people traveled domestically, according to the Ministry of Culture and Tourism, nearly 80% of last year’s throngs. The surge of activity stands in stark contrast to the rest of the world — the global tourism industry is expected to lose at least $1.2 trillion in 2020 — and underscores the relative strength of China’s economic recovery. As of September, the OECD forecast a 1.8% expansion this year, putting China alone among the Group of 20 on pace to expand. China hasn’t reported any local virus infections since Aug. 15, though it found two asymptomatic cases in late September, and the government has eased almost all of its peak-Covid travel restrictions. The ban on group tours was lifted in the middle of July, every district in every city has been designated ‘low-risk,’ and coronavirus test results are no longer required for cross-province travel.

    Bloomberg QuickTake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • S&P 500 Tumbles in Worst Stock Rout Since June Amid More Virus Shutdowns
  • Dow drops sharply as coronavirus cases surge
  • Tasmanian Government under growing pressure to reveal recipients of business grants | ABC News
  • Central banks considering digital currencies
  • France and Germany Impose Strict Monthlong Lockdowns to Control Virus Spread
  • Leave a Comment