Chinese economy showed signs of recovery in May, pressure on labor market persisted, overall growth remained fragile

Chinese economy

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China’s economy showed some signs of recovery in May, with industrial output back into expansion and retail sales falling at a slower pace, after Covid-19 restrictions eased and the government made all-in efforts to stem downturn risks. Analysts say that overall growth remained fragile and the government needs to introduce more supportive measures to sustain the recovery.

Industrial output, a gauge of activity in the manufacturing, mining and utilities sectors, grew by . . .

 

 

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