China virus check – week ending July 6

CHINA ADVISORY - Report 09 Jul 2020 by Andrew Collier

Our latest data for economic activity in China shows a general improvement in trends:

1) Coal use in the power industry was largely unchanged.

2) Iron ore blast furnace operating rates trended slightly higher but remain below year-earlier levels.

3) Traffic congestion rose slightly on a W/W basis.

4) Expressway traffic was weak.

5) Underground metro rail was relatively flat, with one increase in Shanghai.

6) The price index for freight logistics showed little change and is in line with historical trends.

7) Commercial property transactions have rebounded strongly.

8) Job searches rose W/W but are below 2019 levels due to the state-led policies that year.

9) Car sales trended higher.

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