Temple, lottery stocks surge in China as desperate young people pray or gamble amid weak post-Covid recovery

📆 1/06/2023 6:45 a. m.
📰 STForeignDesk

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 71%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Chinese temple visits have more than quadrupled so far in 2023, as the youth unemployment rate hits a record 20.4 per cent. Read more at straitstimes.com.

SHANGHAI – Shares in some Chinese temple operators and lottery sellers surged for a second day on Thursday amid a weak post-Covid recovery, as despondent young people rush to pray or gamble amid greater economic uncertainty.

The two mountains are among China’s most famous sacred Buddhist mountains, attracting millions of tourists yearly to their temples and Buddhism culture relics. “The surging stocks reflect a major macro-economy change this year - rising youth employment pressure,” said Mr Shi Pengfei, a consumer analyst at Beijing-based Spring Capital.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Surging temple and lottery stocks mirror China's weak recoverySHANGHAI/SINGAPORE : Shares in some Chinese temple operators and lottery sellers surged for a second day on Thursday amid a weak post-COVID recovery, as despondent young people rush to pray or gamble amid greater economic uncertainty.Data showed Chinese temple visits more than quadrupled this year compare
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »