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Key Indicators Show Recovery On Track - Shanghai Securities News

CHINA PRESS
MNI (BEIJING)

Recent high-frequency data shows China’s economic recovery is gaining strength, which lays a good foundation for the economy in 2023, according to Shanghai Securities News. From January 30 to February 5, offline sales revenue for home appliances were up 41% y/y, and online sales up 158%. The paper said traffic and mobility flows in areas surrounding 100 leading incubators increased 17% in January m/m and 8.5% y/y, showing a rebound in the start-up sector. Job vacancies in the top 80 cities were up 14.3% m/m, according to the paper.

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

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