China retail sales show shaky recovery

By Agence France-Presse

Mar 19, 2024 12:15 am

BEIJING: The performance of China's economy in the first two months of 2024 was mixed, official figures showed on Monday, with sluggish household consumption alongside increased industrial production reflecting an uneven recovery.

The highly anticipated comeback after Beijing lifted stringent Covid control measures in late 2022 was less robust than expected, and the world's second-largest economy now grapples with turbulence in the property sector, high youth unemployment and flagging consumption.

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