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Top related persons:
Jiang Sheng - 1 It's - 1 Ted Alexander - 1 CNBC's - 1 David Tepper - 1 Michael Burry - 1 Alibaba - 1 Tepper - 1
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Top related orgs:
Civil Aviation Administration - 2 Asia Pacific Summit for Aviation Safety - 2 Paris Olympic Games - 2 Visual China - 1 Getty - 1 Appaloosa Management - 1 KE Holdings - 1 Baidu - 1

Search resuls for: "Song Zhiyong"


3 mentions found


☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
  + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com   time to read: +5 min
From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.
Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China
☆ China expects air travel to hit a record in 2024
  + stars: | 2024-08-14 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com   time to read: +1 min
China is expected to see a record-level of passenger air travel in 2024, according to the Civil Aviation Administration of China. China is expecting air passenger travel to hit a record in 2024, bouncing past pre-pandemic levels. In the first half of this year, total passenger trips rose nine percent from the same period in 2019, the State Council added, signaling that China's air travel sector has rebounded from the pandemic. The country's projection for 2024 comes in higher than the 619.6 million air passenger trips seen in 2023, according to data released in June by Chinese officials. Meanwhile, the broader Asia-Pacific region's travel sector has seen growth this year thanks to Chinese tourists.
Persons: Zhiyong Organizations: Civil Aviation Administration of, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, State, Council, Paris Olympic Games Locations: China, Civil Aviation Administration of China, Japan, South Korea, Singapore, Europe, Asia, Pacific
☆ Air travel recovers in China amid COVID infection worries
  + stars: | 2023-01-14 | by ( ) www.reuters.com   time to read: +5 min
The industry needs to "fully understand the special nature, and complexity of the Spring Festival migration in 2023", Song said in a statement on Friday. It expects a Spring Festival boom in tourism. Cinema box office receipts are on track to generate revenue of as much as 10 billion yuan ($1.5 billion) during the Spring Festival period, a brokerage has forecast. According to Guosen Securities, box office revenues in 2022 totalled less than 30 billion yuan, down 36% from a year earlier. ($1=6.7010 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Tony Munroe and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
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