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China’s Key Economic Data to Show Price Paid for Covid Zero

  • Industrial output growth to slow, retail sales seen down 3%
  • Property investment growth also seen slowing in March

China is due to publish key economic growth data for the past quarter that may look stable on first glance, yet should give clues about the pain that lies ahead as stiff Covid controls hinder consumption and disrupt production.

The statistics bureau will publish first-quarter gross domestic product figures Monday as well as monthly activity indicators for March. The latter will be closely watched to assess the damage of China’s Covid Zero approach, which has led authorities to lock down millions of people in Shanghai, Shenzhen and other cities, cut factory output and snarled supply chains.