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Feb High Frequency Data Shows Recovery - Shanghai Securities News

CHINA PRESS

The flow of people and logistics since the Spring Festival has rebounded rapidly, indicating the rebound in domestic demand is gathering pace, according Shanghai Securities News. The average number of express delivery collections was up 20% m/m, according to data released by the State Council. For real estate, the average daily transactions of second-hand houses in 50 cities in the first two weeks of February increased by about 90% compared with the same period in January, according to a leading housing agency. The first week of the month showed operating rates of blast furnaces and rebar mills rose by 17.1% percentage points respectively from the previous week, according to an industry report.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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