Since the middle of this month, the number of subway trips was down about 60% in major cities from the same period a year ago. Nationwide, truck cargo volumes and delivery orders both shrank in the past week. Factories have also cut back production.
China’s economy is under severe strain as a wave of Covid cases sweeps across the country. Since the world’s second largest economy drastically eased its Covid restrictions earlier this month, there has been no clear data on the extent of the virus’ spread on the national level. But several cities and provinces have said they were seeing tens of thousands of new cases per day. The rapid spread of infection has driven many people indoors and emptied shops and restaurants.
Since the middle of this month, the number of subway trips was down about 60% in major cities from the same period a year ago, according to Wind data. Nationwide, truck cargo volumes and delivery orders both shrank in the past week, according to statistics from the transportation ministry and the postal service regulator. Factories have also cut back production. Key industries like cement and chemical fibers have all reported lower utilization rates of their existing production capacity.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China estimates 250 million people caught COVID-19 since end of 'zero-COVID' policy: reportChina abruptly ended its 'zero-COVID' policies following nationwide protests, but the lack of proper vaccination levels and hospital preparedness left the country vulnerable.
Read more »
Mainland China reports no new COVID deaths for Dec 25 -China CDCChina reported no new COVID-19 deaths in mainland for Dec. 25, the same a day earlier, the Chinese Center for Disease Control and Prevention said on Monday.
Read more »
China's top health body stops publishing daily Covid case figures as infections soar | CNNChina's top health authority has announced that it has stopped publishing daily Covid-19 case numbers, as reports claimed that the true toll of the country's ongoing outbreak is much worse than the official figures published by authorities.
Read more »
China's COVID-19 surge raises odds of new coronavirus mutantCould the COVID-19 surge in China unleash a new coronavirus mutant on the world.
Read more »