China s domestic tourism industry on course for orderly recovery
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Ching Ming Festival boosts travel, box office revenues
published : 7 Apr 2021 at 15:05
1 People decorate a grave on the Tomb Sweeping Day, or Ching Ming Festival, at a graveyard in Beijing on Monday. (Reuters photo)
HONG KONG: A three figure percentage increase in the number of trips undertaken in China during the recent three-day weekend points towards an orderly recovery of the domestics tourism industry, further underlining post-coronavirus recovery in the world s second largest economy.
The Ching Ming Festival, more widely known as Tomb-Sweeping Day, took place in China on Monday, and according to data from the Ministry of Culture and Tourism, 102 million trips were recorded over the extended three-day weekend.
China s export markets putting pressure on demand for containers
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Demand for Chinese goods prompts pressures availability of containers
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Demand for Chinese goods creates shipping container shortage Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Demand for Chinese produces has led to a shortage of shipping containers and driven up shipping costs. | REUTERS
Bloomberg Jan 7, 2021
Global demand for Chinese goods has been so strong recently it’s creating a shortage of containers and driving up shipping costs, potentially impeding the nation’s exports in coming months.
Exports have been on a tear since July last year, fueled by pandemic-related purchases like medical masks and work-at-home equipment, including computers. Imports haven’t been growing at nearly the same pace, resulting in a lack of shipping containers returning to China to be refilled and sent out again.