<<Bull Market Beckons China Stock Traders as Consumption Revs Up

• Travel and box office data show recovery in consumer spending
• Beneficiaries include hotels, restaurants and tour operators

[Photo caption]
Travelers swarmed China’s scenic destinations during the holiday, box office sales rose and bookings of hotels, guest houses and tourist spots exceeded the comparable period in 2019. Photographer: Qilai Shen/Bloomberg

ByJohn Cheng
January 29, 2023, 1:00 AM UTC

A four-week rally in Chinese equities is set to culminate in a bull market when trading resumes Monday, as a rebound in consumption galvanizes the shares.

The CSI 300 Index may extend its 19% rise from an October low when traders return after a week-long Lunar New Year break, with travel and box office data signaling that consumer spending is on the mend. Hotel operators and restaurant chains will benefit, as well as travel firms and entertainment-related names.

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https://www.bloomberg.com/news/articles/2023-01-29/bull-market-beckons-china-stock-traders-as-consumption-revs-up