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China’s Economic Recovery Tested as Covid Outbreaks Persist

  • Retail sales, industrial output likely picked up last month
  • Jobless rate key as officials shift attention from GDP target
Updated on

China will likely report a further recovery in its economy in July although the strength and longevity of that rebound is far from certain as Covid outbreaks continue to spread and a property slump shows no sign of easing. 

Official data on Monday will probably show a raft of key indicators -- including industrial output and retail sales -- improved last month as business and consumer activity gradually picked up from the worst of the Covid lockdowns in the second quarter. The government will publish the data at 10am local time on Monday.