Business Insider: “China’s economic recovery is still ‘stuck in first gear’ as pollution readings show air quality is cleaner than pre-pandemic”By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Nick Colas:
.... "That's according to DataTrek Research, which tracks pollution levels in major Chinese cities to gauge the economic rebound of the country.
China's economy is in recovery mode as it emerges from its strict COVID-19 lockdown measures, but it still has a long way to go based on recent air quality data.
Air quality is a proxy for a country's economic growth because "pollution is an inevitably byproduct of incremental economic activity," DataTrek co-founder Nicholas Colas said. "Air quality readings are the only real-time measure we know of to track this important market narrative."
Colas analyzed that air quality readings of five major Chinese cities, including Shanghai, Beijing, Shenzen, Guangzhou, and Chongqing"....
Full article here on Business Insider.