Duty-Free Boom Fuels Surge in Chinese Tourism Stocks

  • 📰 WSJ
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Domestic travel and looser duty-free rules are helping to boost Chinese tourism stocks, despite the pandemic

While Covid-19 means the global travel industry is in dire straits, holiday-making inside China is recovering because the country moved fast to suppress

the novel coronavirus. That has allowed China’s economy to return to growth in the second quarter—and made Chinese sales a bright spot for many U.S. companies.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And for the first time in decades, tourism destinations throughout the rest of the world will be spared the usual hordes of obnoxious, rude-as-hell Chinese tourists (nothing to do with their ethnicity, it’s the same phenomenon American tourists were loathed for until recently)

中国人满世界跑说我们没素质。中国人国内游又酸得不得了😏

Any American investing in China right now should be dragged from their tower for treason.

They are welcome to it!

How much did China pay you to print this?

Do you mean China 🇨🇳 the country that used biological warfare against the United States and the rest of the entire world? that’s what I thought you said🧐🤮🤮🤮🤮fuck 🇨🇳!

Oh, sorry we have overcomed the pandemic. How about America, 5 million people got affected. God bless America.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airline stocks surge after TSA reports highest traveler numbers since March | Markets InsiderThe Transportation Security Administration on Monday reported that 831,789 travelers passed through its checkpoints on Sunday — the highes...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Meet the European companies thriving online after closing their physical storesVanMoof, Biscuiteers and Stone Tyres have all seen sales surge during the age of the coronavirus.
Source: CNBC - 🏆 12. / 72 Read more »