China Is the recovery in China levelling off?

Concerns over a second Coronavirus wave in China and the tightening of restrictions on movement in some areas appear to be accompanied by a slowdown in the recovery of travel within China.

08 Apr 2020
  • Overall movement between provinces in China appears to have plateaued at levels lower than a year ago.
  • Movement of people out of Hubei province remains up y/y but has decelerated.
  • Movement into Xinjiang was up 70% y/y in mid-March, though it has now fallen closer to year-ago levels.

China Provinces: Year-Over-Year Migration Inflow Growth

China Provinces: Year-Over-Year Migration Outflow Growth

Source: UBS Evidence Lab, Baidu