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America is the last to enter. China is opening up. Aleven, although swine lacheck flu promises to bring more laughter and enthusiasm to public fitness officials if contained.
How did China do after the lockout? Here’s a preview.
The new daily times of SARS coronavirus are reportedly falling to a variety of 10 to 20, however, Beijing and some surrounding cities remain under control. A recent epidemic in Beijing and the consequent tightening of social estrangement measures will actually be a major blow to China’s economic recovery, that is, to the suffering tourism industry. This year’s Dragon Boat Festival revenue can be removed from last year’s figures. So, since the U.S. necessarily cancels on The Fourth of July, don’t think China is famous as it never recovered even more than its best friend.
“The overall economic recovery is still a long way off,” said Ting Lu, Nomura’s Hong Kong economist.
Are we going to get serious?
What’s it like in China those days?
Well, from the point of view of people’s movements, the year-on-year expansion rate of the average seven-day subway passenger travel station in Shanghai was -31.3% to June 28, compared to -23.4% a week ago. Wrong address.
In Guangzhou, the year-on-year expansion in subway passenger traffic was -23.9% to 28 June, up from -23.7% last week.
And for the capital, Beijing, where a mini epidemic occurred two weeks ago, year-on-year expansion fell by -65.9% from June 28, up from -57% a year ago.
During the three days of this year’s Dragon Boat Festival, which runs from June 2-5, the average daily passenger subway station in Shanghai, Guangzhou and Beijing is 3.9%, 32.7% and 73.2%, up to last year’s vacation levels.
In indicators of advertising activity, the year-over-year expansion of the average seven days of burned coal through six giant power plants through a volume greater than 8.6% on June 28, with 10.4% more a week ago.
Annual expansion in June fell to 9.3% since its design of 16.9% in May, but remains well above -10.9% in April and -24.3% in March, as the rustic is only the birth to ease blocking restrictions. .
Air pollutants in China have been an indicator of a return to life in general. According to the National Aeronautics and Speed Administration, the year-over-year expansion in the average seven-day emissions of nitrogen dioxide (NO2) over China was -12.7% on June 25, up from -14.4% the previous week.
The rate of use of crude oil refineries in Shandong Province fell to 74.7% from 18 to 24 June, up from 74.9% a week ago. Oil refinement is not consistent with China’s design increased by 31.4% consistent with the year in the first 3 weeks of June, more than 30.4% in May.
With respect to vehicle sales, some other critical indicator of a return-to-normal pass, the China Passenger Car Association reports that weekly expansion in retail passenger vehicle sales increased to -11% in the June 1-20 era, compared to -17% from June 8-4. expansion in the first 3 weeks of June to -13% on an annualized basis, above 1.7% in May.
For Nomura, vehicle sales are expected to remain sluggish due to the ephemeral nature of accumulated demand, declining family incomes, and uncertainty of the remnants of the virus in China.
According to Beijing Duolaidian Information Technology, a food extraction data carrier covering 10% of overall food extraction transfers in China, the average daily variety of restaurants that resumed operations in june 22 week, about 2.6% below January levels, higher than the 2.9% below recorded a week ago.
During the similar period, among opescore restaurants, the average daily source of coins is 41% below January 2020 levels, a slight improvement from 46.9% lower than last week.
Since the mini hot epidemic in Beijing, the cumulative variety of new times in the city has reached 318 between June 11 and 28, and the cumulative variety of new times connected to Beijing but outdoor Beijing, adding Hebei, Liaoning, Sichuan, Zhejiang and Tianjin Provinces, totaled only 26 between the similar period.
On June 27, Xiongan County, a new netpaintings hoax established in 2017 in Hebei province, re-imposed strict blocking measures to involve the spread of coronavirus. About a hundred miles southwest of Beijing, Anxin County recently reported 12 new cases, 11 of which apply to the position of the Xinfadi wholesale market in Beijing.
I spent 20 years as a journalist for top productive in the industry, adding as a member of the staff founded in Brazil for WSJ. Since 2011, I have focused on business and making an investment in the