Decline was arrested by last-minute flight bookings and outlook is encouraging.
Holiday closures were the main reason for the slump in manufacturing, while retailing, catering and entertainment remained relatively active.
Tourism has triggered a spectacular improvement in the lives of local Tibetans in Gannan.
China is expected by researchers to reach herd immunity against COVID-19 by October 2022, while the United States will reach that as soon as April this year.
Traditionally, China’s big airlines made the bulk of their revenue from international flying.
Current US President Joe Biden looks set to retain his predecessor’s tough stance on China.
Despite HNA’s contraction, China’s airline market remains fundamentally strong.
Most of the flights are for destinations in mainland China, the only place having a largely quarantine-free bubble with Macau.
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