China’s economic activity recovers in cities where Covid reaches its peak

Although China continues to fight a rapid surge in Covid-19 cases, economic activity in some cities slowly begins to recover. Areas of the country where the number of infections reached its peak gradually getting back to normal. However, in general, China’s economic activity remains way below the level that it managed to reach several months ago. 

In Beijing, Chongqing, Chengdu and Wuhan there was a rise in the number of subway passengers. It increased by about 40% to 100% in a week. These data indicate that people are slowly getting back to their typical way of life, going to work, shops, restaurants, etc. These cities also demonstrated a rise in traffic congestion. For a week, its growth ranged from 150% to 240%.

According to the Chinese Center for Disease Control and Prevention data, released on December 29, Covid-19 now peaks in Beijing, Tianjin and Chengdu. The situation in such cities as Shanghai, Chongqing, Anhui, Hubei, and Hunan, also remains quite acute. Therefore, the hypothesis that economic activity is recovering in the cities that reached peaks of Covid-19 cases finds confirmation.