As factories in China are preparing to return to full production, analysts are using pollution levels as a gauge of industrial activity.
As factories in China are preparing to return to full production, analysts are using pollution levels as a gauge of industrial activity.
Major cities in China are well known for being choked by smog due to the extensive burning of coal by factories, but so far this year, pollution levels have been between 20% and 25% lower compared to the same period last year, suggesting there was a substantial decline in industrial activity in the first quarter.
According to an official update, more than 80% of China’s 20,000 manufacturing subsidies have resumed work, but daily coal consumption of six major power plants was 42.5% less than the same time last year.
Major cities in China are well known for being choked by smog due to the extensive burning of coal by factories, but so far this year, pollution levels have been between 20% and 25% lower compared to the same period last year, suggesting there was a substantial decline in industrial activity in the first quarter.
According to an official update, more than 80% of China’s 20,000 manufacturing subsidies have resumed work, but daily coal consumption of six major power plants was 42.5% less than the same time last year.
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