China virus check – week ending July 13

CHINA ADVISORY - Report 14 Jul 2020 by Andrew Collier

Our latest data for economic activity in China shows a general improvement in trends with a steady increase in several factors, including the freight index and traffic indicators, while property sales continue to skyrocket:

1) Coal usage in the power industry declined moderately.

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

3) Traffic congestion varied over the week, with no clear trend.

4) Expressway traffic showed moderate gains.

5) Underground metro rail was also quite significantly higher.

6) The index for freight logistics increased slightly and is in line with historical trends.

7) Commercial property transactions continued their rebound.

8) Job searches rose W/W.

9) Car sales showed sharp gains W/W.

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