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Analysts: A-share market will pick up in the long term despite recent pressure

And the rent is too damn high, too. Workers who don’t wear tech badges for a living are forced to look outside the city and thus contend with the traffic coming in and out of it, creating a vicious cycle and affordability crisis.

Analysts from China International Capital Corporation Ltd wrote in a report that companies with their business focused on upgraded consumption and new economy are likely to show strong performance in the mid- to long-term.

Analysts have noted the rapid expansion of speculative investment.

Analysts expect the holiday will offer the strongest boost for domestic tourism so far this year, though the numbers could be down from the same time last year with COVID-19 precautions still in place.