High-frequency data from various research institutes shows that China's economic activities after the Spring Festival holiday have been weaker than the same period in previous years.
A high-frequency index compiled by the investment bank China International Capital Corporation (CICC) showed that post-holiday economic activities were weaker than the same period in 2019 and 2021, though it's stronger than the same period in 2020 when the Covid-19 outbreak started.
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