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CNN – China contained Covid-19. Now, hundreds of millions of people there are about to go on vacation at the same time

Summary:
The scale of mass movement in such a short period of time is unthinkable in many parts of the world, where governments are still struggling to control soaring infections. In the United States, the number of coronavirus cases topped 7 million over the weekend. Much of Europe is now in the grip of a second wave of infections; even countries largely spared by the first wave, such as Greece and Croatia, have seen cases surging as tourists took summer vacations following the reopening of Europe's internal borders in June.But for now, the virus is much less of a concern for Chinese holidaymakers, given China's close to zero local transmission and some of the world's strictest border control measures.CNN - China contained Covid-19. Now, hundreds of millions of people there are about to go on

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 The scale of mass movement in such a short period of time is unthinkable in many parts of the world, where governments are still struggling to control soaring infections. In the United States, the number of coronavirus cases topped 7 million over the weekend. Much of Europe is now in the grip of a second wave of infections; even countries largely spared by the first wave, such as Greece and Croatia, have seen cases surging as tourists took summer vacations following the reopening of Europe's internal borders in June.

But for now, the virus is much less of a concern for Chinese holidaymakers, given China's close to zero local transmission and some of the world's strictest border control measures.

CNN - China contained Covid-19. Now, hundreds of millions of people there are about to go on vacation at the same time

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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