As predicted by Globetrender, China has stated that it would abandon its "zero Covid" policy and reopen to the rest of the world in early 2023.

The most important change will be the elimination of hotel quarantines for arriving travellers beginning January 8 and the removal of a daily flight limit entering China. (Masks will still be required on board.) It will not be necessary to apply for a health code.
Since March 2020, anybody entering China has been subjected to an obligatory three-week quarantine at a governmental facility. However, in November 2022, this was decreased to five days.

China is finally reopening to foreign tourism after nearly three years of lockdown, with the elimination of draconian Covid border regulations for both inbound and departing travellers.

In roughly a week, the sole constraint for incoming visitors to China will be the requirement to take a PCR test prior to travelling, with a validity window of 48 hours before arrival at customs.Visas for inbound business travellers and persons visiting relatives will be provided beginning January 8, but ordinary tourist visas (needed for anyone with a British passport) have yet to be approved.
"Even if travellers show with a fever at customs, they can do a quick antigen test and, if positive with minor symptoms, can isolate at home," according to the South China Morning Post. Travellers experiencing severe symptoms will be recommended to seek medical treatment".

The new regulations will also provide Chinese nationals who wish to go abroad more flexibility. For starters, they will not be required to present a justification to the government. Second, from January 8, they will be allowed to apply for passports again. Many nations that have previously received large sums of money from Chinese tourists would benefit greatly from this.
Many countries, including Japan, India, France, the United States, and the United Kingdom, will impose testing requirements on Chinese outbound travellers because Covid cases have increased dramatically in the country as a result of the countrywide removal of regional lockdowns, quarantines for infected locals, and forced testing. Taking a flight exam will undoubtedly be a minor price to pay for substantially more liberty.

According to the BBC, within half an hour of the recent announcement that China's borders will reopen, statistics from the travel website Trip.com, which was published in Chinese media, indicated searches for popular locations had jumped tenfold year on year. The most popular destinations were Macau, Hong Kong, Japan, Thailand, and South Korea.