China holiday traffic has surged in a positive sign for the economy

Info via Chinese media, traffic flow as a proxy for economic rebound over the holidays:

  • traffic flow at 700 key checkpoints along 73 expressways across the country has increased by 7.2 percent compared to the same period last year
  • traffic flow at 300 key checkpoints along 53 national highways has increased by 14.13 percent compared to the same period last year.

Perhaps with COVID complications, I shouldn’t read too much into this, but it’d be great news for China if this was a positive indication.

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