China’s economic recovery ‘better than expected’ as retail sales surge, industrial output also grows

Source: China – South China Morning PostChina’s retail sales surged in January and February, data released on Tuesday showed, as the overall economy made a “better-than-expected” start to 2022.Retail sales grew by 6.8 per cent, year on year, in the combined figures for January and February, compared with 1.7 per cent growth in December. The figure was the quickest since June and beat expectations of a 3.0 per cent increase in a Reuters poll.Data for January and February is combined to smooth out the impact of the Lunar New Year…Read More

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