Holiday travel weak amid tighter Covid restrictions

China reported 915 new Covid cases on Monday. Daily case numbers have been declining over the past 3 weeks, but cases were still reported across 24 regions and provinces.  Travel volumes over the three-day Mid-Autumn festival were sharply down. According to the Ministry of Transportation, the country saw 66.95 passengers over the holiday, down 37.1% compared to 2021.  Combined passenger volumes for road and water transport were down 63% compared to 2020 levels. Rail passenger volumes t...

 

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