China Economic Comment_China Weekly_ Weak Work Resumption & Home Sales, NPC Preview
2025-02-28 05:14
Soft new home sales but strong passenger turnover post-CNY holidays Passenger turnover during the 40-days Chinese New Year travelling peak season (CNY Chunyun, Jan 14 to Feb 22) in 2025 picked up by 7% from 2024 and was 15% higher than pre-Covid 2019 level. See more in pulse check on CNY holiday activities. On CNY comparable basis, we compare growth of high frequency activities during 1) 14 days before CNY holidays (Jan 14 to Jan 27), 2) 8-day CNY holidays (Jan 28 to Feb 4), and 3) 18 days after CNY holiday ...