The economic impact of the pandemic was felt all over the world as countries grappled with various measures to contain the disease.
In China, efforts to deal with the pandemic were among some of the most severe, with extensive lockdowns, closed borders and a zero-Covid policy.
Perhaps nowhere was this more apparent than in Shanghai, China’s economic powerhouse, which accounts for up to 4 per cent of the country’s GDP. Sitting strategically within the Yangtze River Delta, it has the busiest container port in the world, and is a huge exporter of parts for automobiles, electronic equipment, machinery and more. The city made headlines when the Omicron variant struck in March 2022 and an ensuing 70-day strict lockdown obliterated access to the city’s seaports and airports.
The strict Covid policies caused a major decline in the country’s manufacturing capacity, logistics and human mobility that had severe effects on global supply chains and the world economy.
China’s GDP grew by just 3 per cent in 2022, its slowest pace since the mid1970s, and below expected targets of 5.5 per cent – though this was still far ahead of many others. The UK, for example, experienced a GDP decline of 21.7 per cent in the same period.
Thankfully, in December 2022, China announced it would be reopening its borders – and by January 2023, Covidzero was officially over, prompting a sigh of relief from the international community and a flood of visa applications (mine among them) in readiness for when flights resumed from the UK.
We didn’t have to wait long. On 23 April, British Airways resumed daily flights from London to Shanghai, while on 1 May, Virgin Atlantic relaunched its direct route from Heathrow to Shanghai.
Bu hikaye Business Traveller UK dergisinin September 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Traveller UK dergisinin September 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The rail thing - Why airlines and train companies are partnering to increase options for travellers on short journeys
An intercity flight connection operated by train would have been almost unthinkable in the early 1990s, but in 2024 it will increasingly be the default experience at many European hub airports. European nations have been among the world's leaders in adopting high-speed rail for short-distance trips, along with Asian countries such as Japan and China.
Adventures in Albania - From paranoid dictatorship to dream travel destination, why the Balkan nation is ready for its moment in the sun
Over the past few years, tourism has shot up stratospherically; recent figures from the European Travel Commission show it's grown 86 per cent since 2019. Its GDP per capita has also been increasing, and last year stood at US$8,800, while the average monthly salary is now around 84,000 lek (£704). Foreign direct investment is also on the rise, with countries including Switzerland, Italy, and the Netherlands targeting sectors such as energy, mining, information and real estate to a value of around US$1.5 billion in 2022, according to UNCTAD's World Investment Report. Not bad for a country which used to depend on foreign food aid.
Sushi Kanesaka at 45 Park Lane, London
Watching Kanesaka work his magic is performance in itself
Scandic Spectrum, Copenhagen
An impressive corporate hotel just minutes from Copenhagen's centre
Kimpton Clocktower, Manchester
The perfect mix of gorgeous heritage design with cool, cosmopolitan attitude
Mandarin Oriental Mayfair, London
A stunning success another calming experience in the capital
Eurostar Business Premier LONDON-PARIS
It remains the superior service for those travelling from London to Paris
Qatar Airways Boeing 777-300ER first class DOHA-HONG KONG
There is a lot to like, but my experience was far from perfect
4 HOURS IN...Vienna
You'll be spoiled for choice when it comes to the Austrian capital's museums, galleries and historic cafes
SWITCHING OFF IN...THE LOIRE VALLEY
Escape to the secluded forests of the Loire Valley for a digital detox