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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

ECB policymakers split on inflation risks

US has best-performing economy – Fed chief

Indonesia's exports, imports beat forecasts

Japan economic growth slows in Q3

Lenovo plans global factory expansion

Hyundai picks first foreign-born CEO

TikTok makes AI driven ad tool available globally