What to Watch in China’s Economic Data as Recovery Loses Steam
- Industrial output, retail sales seen spiking in April: Survey
- Data compares to April 2022’s low base, with Shanghai lockdown
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China’s economy likely grew rapidly in April, though key data this week may obscure how much momentum the recovery is starting to lose.
Bustling shopping centers, open factories and accelerated investment: The world’s second-largest economy looked a lot different last month than it did a year earlier, when stringent Covid Zero controls hampered activity across the country and led Shanghai to lock down.