White Paper·Jun 19, 2020

Post-Lockdown Economic Recovery in China: April and May

Qin Chen, Zhiguo He, Chang-Tai Hsieh, and Zheng Michael Song

Using several data sources, this white paper documents facts of China’s post-lockdown economic recovery in April and May 2020. The main findings are summarized as follows.

  1. Truck flows and online consumption suggest a strong recovery.
  2. The recovery of online job posts stagnated.
  3. Smaller firms cut online job posts more dramatically in the first quarter. Such asymmetry became less pronounced in April.
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