Preliminary economic data indicate overall growth isn't yet roaring back since mainland China ended its Covid controls in early December.
Road and subway traffic in cities is back above pre-pandemic levels in 2019, the Nomura report said, citing mid-February data. Turnover in freight transport is still down from a year ago, the report said.
Sluggish demand for mortgages showed up in a slightly steeper drop in medium- and long-term household loans than short-term ones. China's National Bureau of Statistics does not break out retail sales, industrial production or fixed asset investment data for January due to distortions from the Lunar New Year. The holiday's dates on the Gregorian calendar vary each year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US holds drills in South China Sea amid China balloon tensionsThe 7th Fleet based in Japan said Sunday that the USS Nimitz aircraft carrier strike group and the 13th Marine Expeditionary Unit have been conducting “integrated expeditionary strike force operati…
Read more »
How Will China's Spy Balloon Affect US-China Relations?Chinese spy balloon drifting into US airspace as the crisis that it would, well, balloon into. Countries spend large amounts of resources
Read more »
US holds drills in South China Sea amid tensions with ChinaThe 7th Fleet based in Japan said the USS Nimitz aircraft carrier strike group and the 13th Marine Expeditionary Unit have conducted “strike force operations” in the South China Sea.
Read more »
NTSB announces preliminary malfunction that caused East Palestine train derailmentThe National Transportation Safety Board (NTSB) has released a preliminary report naming the malfunction that cause a train carrying hazardous chemicals to derail in East Palestine on Feb. 3.
Read more »
Ohio train derailment preliminary safety report to be released two weeks after crashThe National Transportation Safety Board said it intends to have its initial report on a train derailment in eastern Ohio released in two weeks.
Read more »
In COVID China, a hospital bed can hinge on who you know, red packetsAs COVID ripped across China and filled emergency wards, privileged patients cut hospital queues because they knew someone, offered a bribe or paid people with connections.
Read more »