Chinese businesses are slowly resuming operations after the coronavirus lockdowns brought the economy to a standstill, but alternative and industrial sector data show a sluggish recovery with most areas of activity still well below their usual levels.
The Financial Times China Economic Activity index, a weighted measure of six daily data series tracking the country’s economic recovery, show an increase in traffic and coal consumption activity.
But other areas of the economy continue to stagnate, with sales of real estate floor space stuck far below normal levels and box office admissions — a proxy for public consumption — virtually nonexistent.
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