22 December 2022 | Other

China’s streets more deserted than during lockdowns

The abrupt cancellation of the Covid Zero policy has caused a wave of disease across the country. Consequently, traffic in China's largest cities fell to its lowest level since the beginning of the year.

The number of traffic jams in 15 major cities was 45% lower than in January 2021. The last time the traffic congestion was significantly lower in February, during the Lunar New Year. This was due to the fact that factories and restaurants closed during this period and people left the metropolitan areas to the provinces.

Due to the new cases of Covid-19, fuel demand in the country may decrease significantly. The traffic reduction is now more extensive than during lockdown.

China is struggling with the largest outbreak of Covid, which threatens to disrupt all the country's economic centres. Beijing was the first affected by the outbreak, and Shanghai is now experiencing a similar situation. Its pharmacies are selling out all medicines and businesses are closing due to staff shortages.

Company MarketCheese
Period: 30.04.2026 Expectation: 400 pips
Investing in Brent crude upon breaking above $101 per barrel
Today at 11:09 AM 21
Period: 24.04.2026 Expectation: 680 pips
USDCAD hits new three-week low amid weaker demand for dollar
Today at 10:28 AM 18
Period: 30.06.2026 Expectation: 5200 pips
Selling GBPUSD down to 1.30000
Today at 07:02 AM 18
Period: 24.04.2026 Expectation: 1050 pips
AUDCAD drops due to rising stagflation risks in Australia
Today at 06:56 AM 16
Period: 30.04.2026 Expectation: 1100 pips
Investing in USDJPY with 160.00 in view
Yesterday at 11:18 AM 45
Gold sell
Period: 23.04.2026 Expectation: 20000 pips
Selling gold with $4,630 in sight amid monthly highs and declining volatility
Yesterday at 10:28 AM 60
Go to forecasts