Holiday Brief: Activity declines with virus spread, GDP's Consumption share remains low, China's oil demand, Global economy in transition, 2023 China consumer report

Merry Christmas!

Scheduling Note: We’ll be on a holiday break for the next 2 weeks. We will pause subscription billings during this time. Happy Holidays to you and yours!

China has released its Covid death count methodology (Caixin), it’s completely different from the US and therefore can’t be compared. We won’t be tracking these figures. Excess deaths after re-opening w…