9 January 2023 | Other

China phases out final COVID restrictions to tourists

Tourists can now reach mainland China by air, land and water — Beijing finally opened the borders on Sunday.  The country has been closed to foreigners almost since the outbreak of the COVID pandemic.

Three years later, China has opened sea and land crossings with Hong Kong. The country removed mandatory quarantine for incoming visitors. Thus, the last pillar of the zero COVID policy was eliminated. That restriction was used to protect Chinese residents from the virus, but also isolate them from the rest of the world.

Huge queues have formed at Hong Kong International Airport for flights to mainland cities including Xiamen, Beijing and Tianjin. Around two billion journeys are expected to be made during the current period, almost twice as much as it was in 2022. According to the government, an amount of travel will recover to 70% relative to the figures from 2019.

Investors believe the reopening will revive the Chinese economy. However, the abrupt policy change has triggered a massive wave of COVID, what caused business disruption and turmoil in public health services.

Company MarketCheese
Period: 19.12.2025 Expectation: 550 pips
AUDCAD trapped in consolidation zone
Today at 10:09 AM 19
Period: 19.12.2025 Expectation: 600 pips
GBPUSD sees 1.345 level as next target
Today at 09:07 AM 27
Period: 31.12.2025 Expectation: 75 pips
Accumulate Brent crude to cover price gaps
Today at 07:01 AM 27
Period: 19.12.2025 Expectation: 140 pips
Brent crude gains as oil supply surplus beats record in 2026
Today at 06:17 AM 11
Period: 31.12.2025 Expectation: 26000 pips
Bright outlook for crypto market pushes ETHUSD higher
Today at 04:51 AM 29
Gold buy
Period: 31.12.2025 Expectation: 800 pips
Buying gold from $4,230 support
Today at 04:51 AM 44
Go to forecasts