China s factories, consumers drive recovery into 2021 reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
5 Min Read
BEIJING (Reuters) - China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early 2020.
FILE PHOTO: A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory, as the country is hit by the novel coronavirus outbreak, in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS/File Photo
While the impressive set of numbers released on Monday were heavily skewed by the very low base from last year’s massive slump, analysts said they nonetheless showed China’s strong rebound remained intact.
China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early 2020.
While the impressive set of numbers released on Monday was heavily skewed by the very low base from last year’s significant slump, analysts said they nonetheless showed China’s strong rebound remained intact.
Industrial output rose 35.1 percent in the first two months from a year earlier, up from a 7.3 percent on-year uptick seen in December, data from the National Bureau of Statistics showed, stronger than a median forecast for a 30 percent surge in a Reuters poll of analysts.
China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early 2020.
China: Economy Recovery Accelerates As Factories, Consumers Activities Surge albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.