With China's transport sector preparing for a record number of passenger flows during the upcoming May Day holidays, there's a massive opportunity for growth in these industries.
According to official data, railway traffic is expected to surge 20% from 2019, and traffic volume on highways is expected to increase by 77% from 2022. China Railway estimates that the country's railway system will manage 120 million passenger trips during the eight-day period lasting through May 4, the highest level in history. Additionally, the Ministry of Transport says that the average daily traffic volume of expressways across the country is expected to hit as much as 54.3 million vehicles during the holidays, a 77% YoY increase.
Chinese airlines are also increasing capacity to meet the expected travel peak.
Fully booked! China braces for record May Day holiday rush
There is a significant amount of money sitting in China (2.6 Tn$!!!), as they were unable to spend their accumulated savings until now due to COVID-19 restrictions. As the economy continues to open, this money is expected to flow into the market, leading to a significant boom.
I have started investing in some ETFs and stocks, but would like to learn and hear your thoughts. I think the Chinese market hasn't been priced yet fairly given the US banking crisis and attention markets are paying on the Wall St. side.
Submitted May 03, 2023 at 06:26AM by JournalistFew2794 https://ift.tt/02orLH4
