Chinese domestic air travel mobility indicators still point to stalling China recovery

<p>I posted over the weekend on China's continued stalling economic recovery:</p><ul><li><a href="https://www.forexlive.com/news/holiday-travel-in-china-slumps-korean-airlines-cut-china-flights-on-lower-demand-tension-20230624/" target="_blank" rel="follow" data-article-link="true">Holiday travel in China slumps, Korean airlines cut China flights on lower demand, tension</a></li></ul><p>A little more now from around the weekend news:</p><ul><li>China scheduled domestic flights
have given back the early May gains and are back to Apr 11-17 levels. Scheduled domestic flights were -0.9% w/w for June 13-
20 week.<ul><li>The outlook for the next 4 weeks is for a higher number of scheduled flights, but still not back to April levels. </li></ul></li><li>As for road traffic, data shows that traffic numbers in the 10 of the top 15 cities are now up y/y. I haven't seen the numbers compared with pre-covid 2019 though. </li></ul><p>–</p><p>The implications for oil are that better numbers will be needed to convincingly show inflating Chinese demand.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.