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International Business Times

Business

AFP News

China Retail Sales Show Shaky Economic Recovery

China Economy NBS

Industrial production in China was up 7.0 percent year-on-year in January and February (Credit: AFP)

The performance of China's economy in the first two months of 2024 was mixed, official figures showed 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.

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