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China sees risk of GDP downgrade as Delta curbs spending, travel


China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, prompting analysts to review their economic growth projections as risks escalate.
Authorities rushed to close tourist sites, call off cultural events and cancel flights, as the outbreak linked to the highly-infectious delta variant spread to nearly half of China’s 32 provinces within just two weeks. At least 46 cities have advised residents to refrain from traveling unless it’s absolutely necessary.
Alongside recent flood damage in parts of the country, the latest virus controls will likely curb retail spending and economic growth in the second half of the year. ....

Hong Kong , Lu Ting , Qingdao International Beer Festival , Goldman Sachs Group Inc , Natwest Group Plc , Nomura Holdings Inc , Sachs Group , Natwest Group , Bruce Pang , China Renaissance Securities Hong , International Beer Festival , Torch Festival , Iris Pang , Greater China , ஹாங் காங் , லு டிங் , கோல்ட்மேன் சாக்ஸ் குழு இன்க் , நொமுர ஹோல்டிங்ஸ் இன்க் , சாக்ஸ் குழு , காயங்கள் வேதனை , சீனா மறுமலர்ச்சி பத்திரங்கள் ஹாங் , சர்வதேச பீர் திருவிழா , ஜோதி திருவிழா , கருவிழி வேதனை , அதிகமானது சீனா ,

China's economic rebound under threat from Delta outbreak


China’s economic rebound under threat from Delta outbreak
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By Bloomberg News
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China’s broadest Covid-19 outbreak since the beginning of the pandemic in late 2019 is hampering tourism and spending during the peak summer holiday, adding another risk to the economy just as consumption was picking up.
Authorities rushed to close tourist sites, call off cultural events and cancel flights, as the outbreak linked to the highly-infectious Delta variant spread to nearly half of China’s 32 provinces within just two weeks. At least 46 cities have advised residents to refrain from travelling unless it’s absolutely necessary, according to Chinese media reports. ....

Hong Kong , Qingdao International Beer Festival , International Beer Festival , Torch Festival , China Renaissance Securities Hong , Iris Pang , Greater China , ஹாங் காங் , சர்வதேச பீர் திருவிழா , ஜோதி திருவிழா , சீனா மறுமலர்ச்சி பத்திரங்கள் ஹாங் , கருவிழி வேதனை , அதிகமானது சீனா ,