Hong Kong businesses cheer China reopening, but warn there's a long way to go | CNN Business

“I did a lot of shopping these days,” she told CNN on Tuesday, gesturing to her luggage, which she described as fully packed with clothes, medicine and electronics. Yang is one of tens of thousands of mainland Chinese visitors expected to be welcomed back in Hong Kong this week, as one of the world’s toughest border closures ends.

“The worst Is over,” the group declared in a statement, though it warned of other lingering headwinds. Early days Businesses and economists aren’t rushing to upgrade their forecasts just yet. “In the first half of this year, the rebound is definitely going to be significant. We’re going to see things really pick up, but it’s not going to reach a full recovery,” said Sheana Yue, China economist at Capital Economics.

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