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

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

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!

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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