• Bloomberg

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China’s economic activity surged in the first two months of the year, underscoring the strength of its “V-shaped” recovery a year after the world’s first coronavirus lockdown.

The official figures released Monday show eye-popping growth rates of more than 30% for industrial production, retail sales and fixed asset investment, though the data is distorted by comparisons from a year ago when the economy was virtually shut down. Growth has since rebounded on the back of strong industrial output and export demand, while consumer spending has slowly picked up.

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