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Published on: Tuesday, March 16, 2021
By: AFP
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An employee works on a truck assembly line at a factory for the vehicle manufacturing company Jianghuai Automobile Group Corp. (JAC) in Qingzhou in eastern China s Shandong province.
BEIJING: China’s industrial output and retail sales surged in the first two months of the year, official data showed Monday, underscoring the country’s recovery from the coronavirus pandemic.
Industrial production spiked a forecast-busting 35.1 per cent on-year, the biggest bounce in decades, while retail sales also beat expectations with 33.8 per cent growth.
But the National Bureau of Statistics said the latest surge was in part due to distortions from last year’s “low base in the same period”.