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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessECB Data Watch
China’s Lunar New Year Domestic Trips Surged 34.3% YoY
China’s domestic trips during 10-17 February rose by 34.3% compared with the Lunar New Year holidays in 2023 and by 19% from pre-pandemic levels in 2019 according to the Ministry of Culture.
- Market sources estimated 80% of the domestic trips involved road transportation, which boosted Chinese gasoline demand.
- "Road transportation has been the most competitive mode for holiday travel compared with railway and airplane amid limited income in recent years," an analyst told S&P Commodity Insights.
- Daily refined oil product sales during 9-17 February rose by 10% compared with the same holiday period last year, data from PetroChina's Intelligent Operation Center showed.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.