BEIJING — People in China are moving past the pandemic and going out to travel, preliminary data for the Lunar New Year holiday show.”Pent-up demand is being released as many people rush to scenic spots, watch firework shows and crowd into restaurants and hotels,” Nomura’s chief China economist Ting Lu said in a report Thursday.China’s Covid “exit wave” is quickly ending as official data show a drop in infections, hospitalizations and deaths, he said. “China has been rapidly reaching its Covid herd immunity, as the government estimates about 80% of the population has already been infected with Covid.”The country saw a surge in Covid infections in December, just as Beijing ended nearly three year …
