SHANGHAI: Tourism industry stocks have outperformed the broader A-share market, as more tourists flock to winter hot spots like “Ice City” Harbin in Heilongjiang province, signalling a recovery in consumption that has a positive effect on the capital market, say experts. Data from market intelligence provider Tonghuashun showed that an index tracking the ice and snow sector rose by 6.4% from Jan 2 to Tuesday, significantly outperforming the overall stock market. “The growth of ice and snow tourism consumption showed a strong recovery, and it has driven the demand for transportation, accommodation, catering and other sectors, reflecting consumer confidence and an optimistic outlook,” said Sean Jia, partner and managing director of consultancy Frost and Sullivan, Greater China. “When consumers are…
