China virus check

CHINA ADVISORY - Report 13 Mar 2020 by Andrew Collier

We have assembled basic high frequency data on economic activity in China post-virus. The categories are:
1) Transportation.
2) Industrial data.
3) Employment (key word search).

The industrial operating statistics show improvement for the most recent period up to the end of February. The pick-up for blast furnaces and coal usage in the power industry reflect a) the importance of power generation to the economy and b) the fact that large, state-owned companies have more control over their workforce than other industries. Small business, which had been cash constrained, leans toward the service sector and has been harder hit.

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