Over the past month, China has continued on its path to recovery with the number of new Covid-19 cases now minimal.
Production activity and coal consumption in China have returned to above 75% of the pre-Lunar New Year levels when the epidemic first broke out. 120 million (about 70% of total) migrant workers have returned to their job locations as reported by China's Ministry of Human Resources and Social Security. Looking forward, we expect a slowdown in the pace of recovery, given that demand for exports has started weakening and some control measures will remain in place to prevent a second wave of the virus outbreak. Accounting misrepresentation by US-listed Chinese companies There is no d...
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