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
Gold buy
Period: 31.01.2026 Expectation: 150 pips
Buying gold on dips with $4,500 target
30 December 2025 211
Period: 06.01.2026 Expectation: 2900 pips
Tesla stock selloff on forecasts of declining deliveries and earnings
30 December 2025 101
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 16.01.2026 Expectation: 1000 pips
AUDUSD is consolidating ahead of renewed upside
30 December 2025 90
Period: 06.01.2026 Expectation: 3125 pips
Selling BTCUSD due to lack of momentum after December consolidation
30 December 2025 53
Period: 15.01.2026 Expectation: 100 pips
Investing in SPX from $6,870
30 December 2025 66
Period: 09.01.2026 Expectation: 7500 pips
Silver rally stalls as prices push past $80
29 December 2025 112
Go to forecasts