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World Business Report: First broadcast 20/01/2023 22:32 GMT : China prepares for first Lunar New Year since Covid Lockdowns end

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China prepares for first Lunar New Year since Covid Lockdowns end

First broadcast 20/01/2023 22:32 GMT 

First broadcast 20/01/2023 22:32 GMT : China prepares for first Lunar New Year since Covid Lockdowns end

BBC World Service - World Business Report, China prepares for first Lunar New Year since Covid Lockdowns end

More than 2 billion trips will take place in China as the Year of the Rabbit begins.

The biggest single one-time movement of people on Earth takes place as people travel to their hometowns for the Lunar New Year holiday.

The Chinese government estimates that more than 2 billion trips will take place within China before mid-February, in the biggest single one-time movement of people on Earth, as the nation welcomes in the Year of the Rabbit. After years of Covid restrictions, we find out how different this year will be and how it's looking for businesses.

One of the biggest cryptocurrency lenders, Genesis Global Capital, is the latest casualty of the sector's downturn as it files for bankruptcy protection. We hear what it means for those who have lost money in the crisis.

And we learn how investors in the US are putting money into 'catastrophe bonds' to bet against storms hitting the country.

(Picture: Travellers at Hangzhou East railway station ahead of the Chinese Lunar New Year Credit: China Daily via REUTERS)

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First broadcast 20/01/2023 22:32 GMT : China prepares for first Lunar New Year since Covid Lockdowns end

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