China's economic activity rebounds in cities where Covid-19 peaked

While mobility still remains well below pre-pandemic levels, the quick rebound in activity in cities like Beijing - where the outbreak was most severe - suggests the economy could recover faster

Economic activity is rebounding in several Chinese cities where Covid infections likely already peaked, although many parts of the country are still grappling with soaring cases and mobility is still far below levels reached a few months ago.
 

The number of passengers using subways in Beijing, Chongqing, Chengdu and Wuhan rose about 40% to 100% in the week through Wednesday, a sign that residents in those areas are returning to work, shopping and restaurants once again. A measure of traffic congestion in those cities increased about 150% to 240% over the period. 

The mobility figures back