Business Maverick: China’s soaring Covid cases push economic activity off a cliff

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China’s soaring Covid infections are keeping people home and causing a slump in travel and economic activity, according to the latest high-frequency data.

Several measures of mobility including traffic congestion in major cities, subway usage and the number of domestic flights have all slumped.

“The spike in Covid-19 infection rates following the easing of mobility restrictions will still constrain economic activity in the December-January time frame,” which is consistent with the experience of other Asian economies, said Guan Yi Low, head of fixed income for Asia Pacific at M&G Investments.lack of trustworthy statistics

 

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Bengithi iCovid iphelile nje....eChina basayilanda ehlathini na?

It's the Chinese suppressing discontent, nothing more, nothing less. Covid is a smokescreen.

China is a virus!

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