Covid-19 weekly update – confusion in the growth of industrial stimulus

CHINA ADVISORY - Report 25 Nov 2020 by Andrew Collier

Weaker property sales, declining traffic volume in some cities suggest a decline in economic activity. However, float glass prices remain strong and blast furnace operating rates are near flat.

Film box office showed some gains but this may be the result of a new mix of films in theaters. The most alarming statistic is the decline in auto sales. Here, though, government support may have affected the overall sales volume.

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