According to Bloomberg, there are nascent signs that the impact of COVID in the Middle Kingdom may be at or past its peak:
Nearly a dozen major Chinese cities are reporting a recovery in subway use, a sign that an ‘exit wave’ of COVID-19 infections may have peaked in some urban areas. More and more people are taking the subway in 11 of China’s biggest cities, with Shanghai, Guangzhou, Shenzhen, and Nanjing among the latest metropolises to report a rebound in trips over the last week.
This comes after places such as Beijing, Zhengzhou and Chongqing, which had already seen subway usage and traffic congestion increasing from a trough reached around mid-December.