Feb 01, 2023 04:55 PM
OPINION
Wang Tao: Economic Activity Gains Ground During Holiday, but Nowhere Near Pre-Covid Levels
Children take in the river lanterns Tuesday in Huzhou, East China’s Zhejiang province. Photo: VCG
High-frequency data around Lunar New Year (LNY) holidays showed that economic activity was much better than it was in 2022, but some indicators were still well below pre-Covid 2019 levels.
As China removed most of its Covid restrictions and infections have likely already peaked, economic activity (especially consumption and services) recovered significantly in early January after a subdued December.
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Wang Tao is the head of Asia economics and chief China economist of UBS Investment Bank.
RELATED
MOST POPULAR
- 1Gallery: Nobel-Winning Japanese Author Dies
- 2China Cuts Reserve Requirement Ratio To Boost Economy
- 3China Cosco Unit Takes 25% Stake in New Egyptian Container Port
- 4Tech Insider: U.K. Bans TikTok on Government Phones, Baidu Unveils China’s Answer to ChatGPT
- 5China’s Bond-Feed Turmoil Triggered by Data Monopoly, Compliance Concerns, Sources Say
SPONSORED
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas
Sign in with Google
Sign in with Facebook
Sign in with 财新