Caixin
Feb 22, 2023 05:41 AM
ECONOMY

China’s Clogged Roads Show Economic Recovery Gathering Pace

Congestion in major cities last week was the worst since at least the start of 2022
Congestion in major cities last week was the worst since at least the start of 2022

(Bloomberg) — China’s economic activity accelerated in February as many residents returned to work after an extended Lunar New Year break, clogging roads in major cities and spending more at restaurants and shops.

Congestion in major cities last week was the worst since at least the start of 2022, according to data compiled by BloombergNEF and Baidu. The number of people riding the subway in Beijing, Shanghai, Chongqing and other major cities was back to or above pre-pandemic levels.

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