FTSE 100 LIVE: China set for consumption rebound as coronavirus curb fades

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FTSE 100 LIVE: China set for consumption rebound as coronavirus curb fades

With the easing of curbs gathering pace in the third quarter, the hospitality sector is poised to accelerate its recovery.

Already, its contraction in output narrowed in the third quarter versus the previous three months.

“The services industry had been the most affected by COVID. Now, with restrictions being lifted, the industry is gradually emerging from its downturn, which would provide a strong boost to the broad recovery in the consumer market,” said Ernan Cui, analyst at Gavekal Dragonomics.

“We expect growth would return to pre-COVID levels by the end of the year.”

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