How Will the Pandemic Change Lunar New Year Holidays?

The video discusses the Year of the Ox and its cultural significance, highlighting how COVID-19 has impacted travel and family reunions during the Lunar New Year. It examines aviation trends, showing a significant drop in passengers, and forecasts a potential rise in retail sales despite restrictions. The video also notes government incentives to encourage people to stay in cities, emphasizing the economic impact of the pandemic.

What is the expected change in retail sales during the first quarter according to the consensus forecast?

What measures are local governments taking to encourage workers to stay in their cities during the holiday?