Tracking China's Economy
For the first time since 1776, China's GDP contracted by 6.8% YoY in Q1 2020. As the number of active COVID cases has declined, the worst seems to be over for China. And while other countries continue to deal with the crises, China is charting out its recovery. We are seeing recovery across manufacturing sentiment, passenger traffic, freight movement, and real estate transactions. But, the numbers are still quite away from last year's levels.
China’s New Export Order Index fell again to 33.5 in April after recovering to 46.4 in March