Chinese New Year


New Year Covid curbs blockbuster news for Chinese cinemas 

New Year Covid curbs blockbuster news for Chinese cinemas

A Lunar New Year movie-going boom saw shares of entertainment firms, like IMAX China Holding Inc and Alibaba Pictures Group Ltd, surge to multi-month highs on Tuesday. Revenues touched 6.96 billion yuan ($1.08 billion) over the six days to Wednesday midday, live data from ticketing platform Maoyan Entertainment showed. Chinese …

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Covid travel curbs set to dampen party mood for Lunar New Year 

Covid travel curbs set to dampen party mood for Lunar New Year 

China's hotels and restaurants are bracing themselves for a lacklustre Lunar New Year holiday, as government curbs look set to deal a blow to domestic travel this year.The week-long holiday that begins on Friday traditionally kicks off one of China's biggest spending sprees, surpassing 1 trillion yuan ($155 billion) in …

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China hopes staying power can see it through Covid-hit New Year 

China hopes staying power can see it through Covid-hit New Year 

(ATF) Chinese authorities are desperately trying to discourage the millions set to travel home for New Year’s as a second wave of Covid-19 spreads out across the country.Annually, Chinese citizens usually rack up around 3 billion trips during the New Year Festival, which takes place in mid-February this year. Many …

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