Caixin
Mar 15, 2023 01:57 PM
ECONOMY

China’s Post-Covid Economic Recovery Comes Up Mixed

Retail sales growth is line with forecasts, while industrial output is slightly weaker. Photo: Bloomberg
Retail sales growth is line with forecasts, while industrial output is slightly weaker. Photo: Bloomberg

(Bloomberg) -- China’s economy strengthened in the first two months of the year following the end of Covid restrictions, although the recovery remains unbalanced as industrial output lagged.

Retail sales rose 3.5% from the same period last year, the National Bureau of Statistics (NBS) said Wednesday, in line with forecasts and reversing from a 1.8% drop in December.

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