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China’s Travel Recovery Gains Steam: How Families Are Planning Their Summer Vacations (Mckinsey, 8 min read)Hotel occupancy has recovered to 60% and domestic airline passengers to 50%. According to a Mckinsey survey, domestic travel in China will accelerate during summer mainly driven by family travel.
The Shape of Asia’s New Cold War (Project Syndicate, 7 min read) ‘If China pushes its model as aggressively as the Soviet Union once did, the new cold war will have all the ingredients – and all the myriad tensions – of the original Cold War. The more assertive China is in selling its own model, the more likely democratic countries will be to unite against it in the name of their own ideological system.’