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An said that since last May, the number of travellers from the mainland to Taiwan had dramatically decreased over concerns of safety, after a series of accidents involving tourists.

Analysts said the producer price index, which measures factory-gate prices and reflects the state of corporate activities, has stopped falling and picked up in recent months, meaning corporate profits will rise and investment will increase.

And Frankfurt stocks lost 2.5 percent after Germany also ramped up Covid-19 restrictions, while the EU's disease control agency labeled more than half of the bloc's member states as red zones in a new map to guide countries' decisions on travel restrictions.

And, of course, as Europeans, maybe we also have to learn from China's policies. Market access is really important. It means that European companies can enter markets in China.

Andy Rothman, an investment strategist at San Francisco-based investment firm Matthews Asia, wrote in a recent analysis that China's V-shaped economic recovery continued for a fourth consecutive month in June, led by strong domestic demand.