Covid-19 weekly update – week ending November 16, 2020 – confusion in the growth of industrial stimulus

CHINA ADVISORY - Report 17 Nov 2020 by Andrew Collier

We saw more weakening in economic activity – but very modest. Cement prices notched up slightly YoY but industrial glass prices are dropping, as are blast furnace operating rates.

On the consumer side, traffic congestion fell slightly while property transactions dipped sharply. Retail car sales data is too volatile to give much of an indication but film attendance and box office has bottomed out YoY, which could suggest that the consumer revival has gone as far as it can until a vaccine arrives.

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